Second, it would expose all of her income from this venture to payroll tax and state withholding tax.

Hi all, I'm a newbie with a few questions.- In the current marketplace what is an acceptable split between partners if one side brings capital and the other side brings a deal with contractors in place?- Also, if you ...

I just came across a guy asking me to Joint venture and deal with him on buying Real estate properties around The US for 6-10 cents on the dollar from 2000 government agencies but Its not thru auction.

The job is out of my DIY skill level, so DIY is not an option.

or, should we take that money and use it to venture and buy another property and leave the primary mortgage untouched?

We recently closed on a SFR that my husband and I will be house hacking/DIY some cosmetic renovations (paint/floors).

I have read a hand full on the subject and a lot of people encourage doing the first one with some diy.

You can get around that if you have a diy wife and kids that aren’t afraid to get their hands dirty and pick up a paint brush or swing a hammer 

You can check this article on the different types of partnerships compared to a venture-specific LLC, and finally I always recommend this article as a good starting point for the topics all partners should discuss and have established before starting an investment.If you have more questions on the legal side of how these things pull together, let me know. 

Hello,Recently I ventured into a partnership with two of my coworkers and we are beginning an LLC for our wholesale business.