Just because you invest through someone in a real estate venture does not make you a real estate investor using the terminology and expectation that most of us here think would be appropriate.

Do a search for Fortune Builders on BP and that should tell you what you need to do.Good luck on your new venture.

The question then is about what are the steps id be taking to get money for my venture,NOT whether the property will appreciate in value and how am I so sure, I can explain that when the time is necessary and I'm pretty sure it's of little importance right now.

I assume your private lending comment was to borrowing not lending money, it it was about lending, payoff your loans before starting such ventures. :)

Nothing like well educated sarcasm and word play :-) good luck on this venture...and please for the Love of God keep posting.

The partner should do the same, but if he doesn't and you get audited you should have a copy of the joint venture agreement and the accounting for that property.

After doing a number of residential deals, I'm gearing up to embark on my next venture of owning larger apartment complexes.

BrianI am not 14, however, I began my own entrepreneurial ventures at 14.

In addition, I do not think higher rents are sustainable over time while SFR prices continue to decline.Average household size may increase for a while, but as employment improves people will want to venture out on their own.

Like junk bond buyers chasing yield, residential investors chasing out-sized returns occasionally venture into the rental-condo maket - typically lower-income units, since it's an area of the market where owner-occupied demand is so low that you can buy the unit cheap enough to make sense.In my opinion, with older lower-income bills-paid properties you have to practically pay nothing in order to be comfortable with the risks.