I have an annual W2 of 80k, I file jointly with my wife, she has retired this year taking cash payout of her 401k & pension totaling 100k. 

But this really deserves its own separate discussion, mostly because I'm about to lay out some pretty controversial realities as I see them.I think what should be stated first out is that the normal flipper quick-fix solution would be to B-I-N prime that ceiling up, paint it reel gud, and sell the joint.

Joint venture is more simple.. 

Having said that, you really must ask the tough questions of people before you form that partnership, whether it be a joint venture or syndication.

Hello everyone. I have been presented an opportunity to be a partial investor in a property, where I would be putting up 50% of the cash for down payment, closing, etc. The other investor would be putting up the other...

You can read all the books you want, listen to all the gurus, watch all the videos of "experts", but until you are knee deep in your own deal, you will never feel what it feels to be an investor.

If we file jointly we end up paying more, we used turbo tax to crunch in numbers. 

I need your help trying to figure out a fair acquisitions cost for a joint venture deal.

I've never dealt with a ownership with joint tenancy (or something like that). 

Heck, joint venture with a partner bringing an equivalent amount to the table and you wouldn't have much difficulty taking down something in the 20-50 unit range depending on your area.