Sometimes they are the capital investor on a joint venture, sometimes they provide gap funding, sometimes they provide fix & flip funds.

It makes me grin now, things are so much easier.Ideally you would join a REIA (our local one is $20 a month, don't spend $10,000 on one) where you would find an experienced, honest, partner to do a Joint Venture with.

I would Joint Venture with someone who knows what he is doing and learn the business. 

Are you doing it with Joint Venture Agreements or handsake deals.

You can form a Joint Venture etc and not worry about SEC. 

I'd suggest using Joint Ventures in stead of partneships.

Everyone becomes a Joint Venture (not a partnership) on the investment for legal, tax and sanity reasons.Buying an inexpensive property in Cleveland is an interesting approach.

For example, you can invest in real estate in any state orcountry, raw land, rental and commercial properties, condos, mobile homes, boat slips,machinery, livestock, start a new business, buy mortgage notes, loan money earning interest, taxliens and tax deeds, joint ventures, LLCs, mortgages, franchises, and more.All of these have to be handled strictly as investments through a company that specializes inself-directed IRAs and cannot be used personally, which means that anything bought with yourIRA is owned by your IRA, not by you personally.

Thank you.You may want to get your feet wet by becoming a private lender and getting 12% return by doing joint deals like we do with our investors.

Most people, when we sit down and go over actual numbers decide that simply joint venturing with me for a greater return and less hassle better suits their goals.