I've been investing in Michigan for a few years, but haven't ventured into Detroit until now.

Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

That said, that’s a perfectly fine budget if you’re willing to venture a little beyond the city limits.

Once you had enough set aside for you next venture, you can use that money.Talk to your bank about what your options are-both in terms of could you borrow more money without paying down the current loan and what the interest rates would be.Everyone has different goals, so you need to decide what works best for you. 

If income, or credit is an issue, Learn and get good at something related to real estate and then eventually you can add value to an investor and potentially do a joint venture.

I know many in Oregon that got in and went bust.. my partner in my airplane lost about 500k on his grow venture. 

Anywhere that's publicized on this thread is likely not the best venture because attraction has been there.

And I'd venture to say that 90-95% of all those deals would qualify as great Driving For Dollars leads based on their physically distressed appearance. 

I wouldn't say I'm opposed to a corporate gig in real estate, I would love for my current full time job to complement my real estate ventures and expose me to experience in real estate deal flow at higher levels for sure.

Sometimes the solution is to team up with an investor in what is called a Joint Venture.