Quote from @Chad U.: Quote from @Brittany P.: @Chris SeveneyYou had me laughing.

Establish a Joint Ownership Entity: You could form an LLC or partnership for future purchases.

I agree with U if you had to stick to 6% these are not financially viable..

Hi there,It sounds like you're looking for some advice on how to navigate a complex situation with your brother and your wife.First, let's address the joint account and mortgage issues.

Quote from @Chad U.: Quote from @Barry Clay: Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida.

JV (joint venture) with someone to show you the ropes and then split the earnings 50/50.  

If you lived there 2 of the previous 5 years any profits from a sale would be exempt from taxes up to $250k for a single person and $500k married filing jointly.

However, there are strategies and approaches you can explore to make this process smoother.If your PML is hesitant to fund directly for auction purchases due to the risks, consider structuring a partnership where the PML becomes a joint venture partner.

@John CarrA specialized tax professional can assist with tax deductions across multiple properties, including jointly owned houses in Illinois and Florida.

It's called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".