After 40+ rehabs in my local area (Atlanta), Marty and I decided to venture into a new market together and give long-distance rehabbing a try.It was quite a project -- the largest I've ever attempted, both in terms of scope and budget.

Try looking up on the google "Joint Venture Agreement".

., someone else had mentioned joint venture as a way to proceed w/multiple funding sources, so I'm checking on that (though I imagine I don't have time to pull it together for this one, I'll learn about it for the future).

Good luck in your ventures!

If there is nothing in your area you would have to venture farther away.

I'll stick with that for a while..And Jenkins My long terms plans would be to buy and hold for long term, landlord a few properties and maybe venture into commercial.

AvalonBay is acquiring 66 consolidated apartment communities, containing 22,222 apartment homes, three parcels of land (expected will contain a total of 968 apartment homes), and other unconsolidated joint ventures.

Typically the person supplying the funds commands his money returned and then about 50% of the profit.Consider a joint venture between the two of you through a basic partnership, where your business partners with him.

If I do manage to become a successful RE investor, I would want to expand outside of wholesaling, although my initial plan was to become successful (by this I mean profitable) wholesaling before I ventured into the area of rehabs - not sure if this changes anything you said about end intentions though.If my end goal was to rehab, would you suggest pairing up with an experienced partner who can provide expertise and capital (while I provide the grunt work of finding motivated sellers, probably accept smaller % of profits).

I would venture to guess that Josh has an open invitation to him to speak again.Bryan Hancock - I agree with you that nobody has a clear cystal ball on the factors you mentioned, though I do want to point out the basis of my thoughts and they were not to say that he can predict exactly what is going to happen.