Joint venture with a transaction lender.

Do you feel that the initial conditions for where one starts are highly correlated with whether or not the person spends the bulk of their time working for someone else instead of risking capital in a business venture?

Your advise will be a big help to my first venture in first realty investment.

Since retirement I'm able to pursue ventures full-time so I am 'Putting the band back together' sort to speak with what I'm working on now.

I had 6 rental properties plus my own house and l liquidated all of them to start up a new business venture that could not possibly fail ( until it failed).

Would it make sense for us to partner up in the LLC or to setup a joint venture agreement, with my LLC?

:wink: Keep us posted on your ventures.

Philadelphia has far more in the way of requirements to meet.And there are many layers that have to be accomodated as well, What I mean here is that, there will be federal level requirements (Lead Based Paint disclosure document for pre-1978 construction), there is state level stuff (in PA for example, we have to use a plain language lease - no legalese), and then there are local requirements (Phila has their own Lead Based Paint disclosure, and a tenant handbook that the landlord has to give to the tenant as a couple examples here).I would venture to say that having one lease document that is universal throughout all states might be a tough thing to come up with, and you'd certainly have to include things that would be considered extraneous in some areas (because they are required things in a few locations).

Welcome to BP, Kevin.Look forward to hearing more about your commercial property ventures.

I would venture to say that most of their posts were questions asking political, off topic and genreal questions, like the economic impact of the fed on RE, Such postings were obviously to run up the points quickly to gain influence, IMO, as some of these folks are really not that well versed in the technical issues of real estate.It has turned BP in a broader scope of macro business topics rather than drilling down into details of real estate.