I genuinely want to find the rationale behind the 5%-6% commissions.David Greene's explanation for this is that "probably 95%-98% of the times that a Realtor helping clients, they don't get paid for...You have to compensate them enough so they make enough to support themselves for all the people that are not paying them."

I came to the realization that joint venture partnerships are an awesome strategy.  

In light of the above explanations, The information below vividly illustrates the repayment schedule for the loan.MONTHLY LOAN REPAYMENT PLAN* Loan Balance: $325,000.00* Loan Interest Rate : 3%* Loan Term: 20 Years* Monthly Loan Payment: $1,802.44* Number of Payments: 240* Total Interest Paid: $107,586.13* Total of 240 Payments: $432,586.13NOTE: The monthly loan payment was calculated at 240 payments of $1,802.44In good fate, If you fully agree to the terms ,condition and repayment plan you will get back to us with a scan copy of any form of id card for verification because your loan is undergoing approval by the board of directors in and a positive result will be out soon,you will be approve of your loan after finding all information are genuine if otherwise you will be declined of your loan so applicant are advise to provide real information for easy approval of loan to them....

He was of course incredibly convincing, has mastermind meetups, and seemed very genuine, but at the same time seems to be a very good salesman.

My business partner and I already set up an LLC and we are looking to start acquiring RE with two other individuals through a joint venture type setup. 

But he has not ripped me off with repairs & is genuinely a nice guy.

A follow up question I had was, does the tittle and deed need to be 50% in each partnership name ( 1031 investors and new investors) or can a new joint partnership be created with each group as 50% each owner to hold the property?

Purchase price: $1,800,000 Cash invested: $960,000120ft tunnel carwash with 3 detail bays and an upstairs business office. rebranded the carwash business to match the same name and logo as two other carwashes and offered a joint monthly unlimited wash pass that was usable at any of the three wash sites!

Attend real estate meetups and see if you can get a joint venture for the first one.

You could also consider a joint venture with someone who has the necessary experience, or see if the builder is willing to act as a guarantor.