I may be contacting a couple of you to explore the possibility of a Joint venture to save the residential deal, where I have a funding source but require some down money.

It may be worth talking to a lawyer about setting up some sort of Joint Venture for this type of situation.

So I would show the seller all of her options:Listed with an agent on the MLS and discount it  severely, Pay about 10% for the cost to sellLease it out as is and wait for some appreciationSo what do you want to joint venture where you bring money to the table to fix it and resell it and pay her all the equity possibleTo do a joint venture with a lower equity deal,First you buy it subject to the existing financing and give her a note for her equity and fix it then resell it with an agentLet's say you want to 10,000 on the joint venture135 ARVOwes 109Sales cost 10% or 13,500I don't know what the repairs areRepairs plus sales cost plus costs to sell equals X135 minus X------Compared to Wholesaling deal .7 times ARV minus repairs minus wholesaling fee

Have you been able to start your flipping venture in Framingham and how has it been finding deals?

Hi Dea,I wish you all the best in you new venture I am sure it's going to be an exciting time.

@John Mclaren  Bad Bad idea for those who are even asking this question... do not fubar others learn more about RE and get some capital behind you then venture out..

But it did make me want to venture out and try probate as well .

I want to apply these principles in a new venture with a proven successful investor.

Wish you success on our real estate venture!

We also share a passion of travel and love venturing to Europe.