You will then be in direct control of the funds in a local bank account held by the LLC.  

I want to wholesale and joint venture with as many people as I can to build my business.  

Im still fairly new to BP myself but I already see great value in being involvedI like that you are venturing into new construction also, i have helped my dad build homes in Irving and it has gone pretty well currently working on the 4th.

I'm definitely pushing my own comfort level with this venture.

Do a search for "Joint Venture" on the site.  

Basically, the less interaction with the investments, the better.A Checkbook IRA LLC or Solo 401k will put you directly in control of the funds and eliminate the 3rd party layer.  

Hi,Im starting my REI ventures and im would like start networking with active investors who can mentor me in wholesale, assigments and lease optionsMy question is what is the typical fee or percentage breakdown for the first several deals between mentor and apprentice?

I am excited to venture back into the RE investor marketplace.  

@Jeevs Pothen,Here's what you need to remember about protection from liability / lawsuits: "Control everything, own nothing" - not even the LLC(s).David J Dachtera"Success is not a destination.

My name is Chad Kagen and I am beginning on the genuine state putting venture here in atlanta, GA.