They are "equal" partners in this venture, and as such each has a responsibilty to the others to not commit "waste".2.

i'm currently in the process of buying a 2 family home with 2 additional store fronts. this is my first venture into real estate investment so please excuse me. the property is listed on Zillow.com for $191000 the owner has agreed to $90000 in as is condition. the est. cost to rehab the property is $60000. i will be doing alot of the work myself so that price will be coming down closer to $35000. my question is if it is possible to setup the financing to get cash on hand for the repairs or does the money have to go into escrow. thank you for your time.

I had nearly $200K liquid invested in a venture and found myself in an unforeseen situation and needed the capital quickly.

Or you set up a joint venture (JV) where you take the point initially as the prospect called you.

(not cheap) and have enough equity in it to start a venture off into a market where real estate is still affordable.

We are thinking of doing a few more fixer uppers before venturing off into the rental business to get our capital up.

Good luck on all of your real estate ventures.

Anythingbeyond that would be above and beyond my goals, and would be a bonus.I have funds saved up at this point to put into any new ventures I pursue.My few main questions are these:1) In just one zip code near me, there are 14,000 foreclosed homes, and150 of them have been since April.

I'm happily earning 15% on my money.I'm considering a joint venture opportunity on a L/O of a duplex with another member I meet at a club meeting.A short sale I signed up last summer and the bank accepted was purchased as a rental unit by a club member.I'm putting together a joint venture opportunity with two other investors I met at the club meetings to market for property and sell wholesale in a specific area.

As i am venturing into this new world of real estate, i am quickly realizing the importance of building relations with people and I would like to make as many contacts and relations as i can in the field; I hope i can begin to do so through these forums as well as get help when i have uncertainties.