Wealthy individuals with an interest in a venture along these lines are not interested in lending their money for 5-10 years at 7%.

Is it a joint venture agreement somehow?

Since this is a new venture, it may be wise (as Jon points out) to spend some time getting educated on a number of different strategies, and then choosing one that makes the most sense and can be executed with optimal efficiency and results.

I am new to the real estate investing world and I am looking to learn much more before I will feel comfortable venturing out on my own trying to wholesale properties.

Good luck in your ventures.

Shell out 10's of thousands to a turnkey seller, who has no skin in the game, and makes his/her money up front, will pass the buck and give excuses should things go wrong, or shell it out to a local investor, who has found the property, has their own $$ in the deal, and doesn't want a foreclosure on their record.Then there are joint ventures, discounted mortgages, a whole bunch of ways to make cash flow.

I was broke, homeless and out a job and going through some heavy depression when she approached me to join her on the venture.

Good luck in your new venture!

I started and sold a few companies, and get paid from a few ventures now.

Hello fellow BP members.I am 25 years old and plan to venture into the RE world by taking advantage of the first time homebuyer program.I am considering purchasing a multifamily (duplex-fourplex) living in one unit and renting out the others.I am hoping for the rent to offset the mortgage and expenses.My questions are:What to look for?