If you'd like to to use one, start developing relationships now.

If you can get a bank to to give even a soft preapproval ( IE talk with a loan officer and go over your numbers and see if it fits into the general guidelines of something theyd do) or even a specific preaprroval based on ARV and your rehab plans , this option can become alot safer.As always when dealing with hard money, consider holding costs for while you are going to be going through this process.

It is the type of place you move to to disappear.

Facebook is not a place where people go to to solve an issue.

If you had two weeks to  to travel and Check things out.

You may want to to place the following ad in no less than 20 news papers and on Craig's List:WANTED ALL REAL ESTATE houses and commercial - we are contractors and will buy your real estate in ANY CONDITION in any location and can pay all cash.

To to recap, a 7 year payback is roughly a 14% return on the invested capital.  

Once you nail those down you can move to the other items such as operating agreements and exits etc.Nobody sues going in and the partner is always happy to place money and put it to work.When things go bad they will go to the ends of the earth to to recover every cent possible.If they want to carry debt matters as some lender will lend at a much lower LTV to foreigners unless an owner operator is a partner in the area where the investment is being purchased.Many different types of loans and structures available.

Seems like a great way to to get some experience without putting too much at risk.My wife stays at home with our 7-month old son, and I just started working remote.

J Scott, is there special attorney that I should talk to to create this JV agreement?