E or other tax schedules, this method would allow you to get conventional loans, you both have unlimited liability).You need a written agreement either way, and it's a good idea to get an attorney involved who has experience with real estate entities and joint venture arrangements.

He was also ordered to pay $6,115,965 in restitution, jointly with Jason Simcox and Kevin Simcox.

You can also market to other wholesalers that you can do a joint venture with where they bring the buyer and split the assignment fee.Good luck!

If I am not mistaken, if your name is on a loan as a borrower,whether individually or jointly that counts as a loan against each party.You might consider one borrower per property and then transfer into the entity of choice.

It sounds more like you are doing a joint venture as opposed to a lending transaction, based on how you intend to split the profits.

Hi Seth,I have not seen a contract like you describe, but most rental contracts contain a "joint and several liability" section that would make all tenants liable for rent, damages, etc. in case one or more moved or could not pay.

Because we had a joint checking account, I was able to deposit these.

It just means that your Dad is then on the hook too, and would become a Joint Venture Partner.I don't foresee any IRS problems, unless you were thinking of PRETENDING to the bank that you had mysteriously come across your needed deposit for your next project as a cash windfall, without telling them that you had an OBLIGATION to pay it back!

This is definitely the place to do it, I'm always looking to embark on joint deals and help in anyway possible.

If she is a (financially) low-risk personality, she might feel uncomfortable with the thought that your deals might affect your joint financial future (and the lifestyle to which she is accustomed) because of the risk.Here's an idea: you mentioned that a wedding might be 2 years or so away.