His employer allows him to do that with the amount he contributed himself, which would cover the purchase price.

@Riley CaldwellIf you are working for an employer that offers a 401k plan, consider contributing to it.

The problem is that few real estate entrepreneurs earn enough to be able to spare this amount of contribution.

I look forward to learning from each and everyone of you while also contributing my knowledge and skill set.

I'm fired up to be a part of this site, share in discussions, and contribute some valuable information that can help you achieve your financial goals through Real Estate. 

I am also involved in 2 joint ownership agreements whereby we took title as tenants in common and we contribute funds passed on our agreement This is more secure then a JV agreement.

The purpose of the agreement you're doing is as follows:To define the percentage each partner ownsTo define the compensation structureTo define the purpose of the partnershipTo define the capital contributions each partner will makeTo define who's in chargeTo define how the books and checking accounts are handledTo define the state laws that will be appliedTo define how net losses are handledTo define what the recourse is when you guys pull your pistols out and everybody starts shooting and wanting to go to courtUnderstand that contracts aren't worth the paper they're printed on.

This thread came at an opportune time for me so I particularly appreciate the contribution.

(Please contribute a solution if you choose D.

I am really looking forward to reading and contributing to the forums, and searching for the next deals.