@Michael Kammer you should ALWAYS have the material terms of any joint venture partnership in writing.

There is a lot to learn, like where to find the best deals, how to finance your deals without using your money, how to Joint-Venture on projects, best practices and resources for rehabbing, how to best manage your properties, how to protect yourself from lawsuits, and much, much more! 

Do you need the cash for other ventures?  

Hey All, I have been a buy and hold investor for a little while but now am seriously trying to venture into multi family construction projects.

I feel like the economy is heavily effected and dependent on the politics.I have also been looking at diversifying my investments into new ventures.

If you want to tackle larger rehab projects, you can venture closer to the center of the metro.

Whenever we joint venture with any partners we have an agreement that is clear upfront and everything is in writing both on potential profit and any potential loss.

My idea was to set one up (LLC1) for rentals with an umbrella policy and only set up a different one (LLC2) when doing a joint venture.

You can even find way cheaper properties in these markets if you decide to venture in to D grade neighborhoods.Your best bet would be to look into out of state honestly.

@Alexander Felice if you decide to venture a state and a half over to Kentucky I’d be happy to do one.