2) Opportunity costs - I gather that this is the cost of tying up your own money into a venture thus preventing you from investing it into something else?

Why not joint venture with someone - maybe your skin in the game is the lot; they build something marketable and you agree on a return of your investment (plus taxes) and a fair split of any profits upon sale.If it's nice enough area for you to want to build - then chances are there is a market.TTFN,Greg

My name is Alicia and my husband and I just ventured into the world of real estate investing.

I am a bit ... how do you say ... neurotic ... retentive ... perfectionist, I have to know everything before I venture into actually doing something.

You can look into subject to deals, owner financing, lease options, joint venture partners, etc.

Hi and Welcome to Biggerpockets @Kim Forgione All the best on your reat estate ventures

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller

We all have other "stuff" going on and between us, we also have some Internet Web Site projects going on which pretty much take care of themselves.We are all pretty smart people and we are looking at property flips like any other business venture... do it right, get in fast, use good people, provide a quality finished product, make our money and move on to the next one.

It's been good and if I ever decide to venture into rehabbing I will tape the progress myself and send it to you my friend!

It would be worth the time and money to find a local attorney who specializes in joint venture arrangements.This way the paperwork and protections will be in place for both parties.A deal always sounds encouraging in the beginning but can later fall apart.