Joint bank account...

Until then, that money belongs in a CD, a mutual fund, or the like.I hate to say it, and I'm not trying to say anything about the people on this site or this thread, as I have seen nothing but kind people that genuinely are trying to help.  

@Ashley WolfeI just did a joint venture deal for flips that may help you figure out how to structure yours.

Luckily, my Dad owns his own construction company so I've always got that option of a joint venture.Below I've just included my logic about my strategy (mentioned in the first comment), would be great to see if you guys thought I was heading the right direction.Process for this example deal I was looking at: http://www.rightmove.co.uk/property-for-sale/prope...1) Buy properties at auction, 2) Add value through converting into either a 7-8 bed House of Multiple Occupants, e.g. students, young professionals etc, OR three separate self contained apartments, 3) hold each apartment for rental income.This place is right next to an overground tram station connecting tenants to the whole city, surrounded by 12 bus stops, bars, restaurants, 8 schools within 1 mile of the property, 10 minutes to one of the main city hospitals and a VERY strong rental demand.

Looks like you already have your area scouted out, but if you're interested in some of the tools I used:https://www.biggerpockets.com/blogs/6526/blog_post...I spoke to an investor in Hong Kong about potentially doing a joint meetup someday - have someone virtually talk to both our Korea group and his group at the same time.

After a fulfilling banking career, a 7 year experience as an independent businessperson in Benin (West Africa), and my relocation in Las Vegas NV, I become a Nevada real estate broker-salesperson, specialized in new home and land transactions with New Home Network in Henderson NV.And also, a Certified Real estate and land developer from REDI Foundation, where I have been trained to provide to the financial partners, genuine real estate development joint-venture package projects in the United States and Canada.

Think of making a profit on a "joint venture deal " with the seller, ARV minus resell cost minus rehab costs -10,000 joint venture feeResale costs I figure ten percent ARV for commissions and closing costs and wiggle roomUse private money for rehab, offer 10% rate of return paid in four monthsStructure a first mortgage, note to the seller no payments for four months, second mortgage private lender rehab fee +10%, third mortgage your ten per cent of ARV Have a listing agreement at 95% after repair valueGet the best sales agent you know, Time is money@Alex Jeffrey Steady@Ned Carey

Hi Dionne,I'm an Investor Savvy (Friendly) Realtor here in Charlotte...our group is actively working in acquiring, rehabbing, holding, selling, joint venturing etc.. in real estate....We meet often every week at various locations here in Charlotte...at no cost....In fact, I go and look at select properties every Tuesday morning in the Charlotte area to evaluate and make offers... you're invited to join...Lots of opportunity to network and get real estate education ... at no cost... 

It's now an equally unfriendly, expensive but mildly successful Pizza Joint surrounded by the same. 

If you have low equity for a wholesaling deal and it needs a small amount of work think of doing a joint venture with the seller, give a note for equity, payable in full in four months time, use private lender money, charge 10% of ARV for joint venture feeIf you have low equity and it's a pretty house with no work, look at tools like subject to, lease purchase, wrap mortgage, etcIf you're licensed you can always list it for commissionIf your license you can list it for a lease purchase"Wholesaling only" is a one trick ponyDon't be a one trick pony, be a transaction engineer