. :)It's a Joint Venture partner.

Now, I might if we were putting up a toy factory or some venture that had long term employees planned. :)

And, to the previous post, a #7. that the use of funds actually are used for the commercial venture.

He owns over 70 Verizon Wireless franchises, and is also a fairly successful semi---pro poker player (has a couple mid-6-figure cashes) I say this because I understand that he's a businessman, and the bottom line is that he wants to make profit from his business ventures.

Yes, that can certainly be a commercial venture as a construction/rehab company.A landlord on his first purchase could have issues, with intent.

Look into Joint Venture Agreements.

I think we should do a fix and flip and use that money to get those bills paid off and then if its enough money use it to refinance my house and put money down so that our monthly mortgage is lower which would make living a lot more comfortable and pave a good path for me to start my real estate investing venture does anyone have any suggestions on how to start with less risk so my wife can b more comfortable or where to start I've been reading a lot online especially BP !!!

If this is a long term venture then create a LLC.

If it is possible what are the pros and cons.Another method I had thought of is a business venture together.Thanks in advance.

I agree with the repeated anthem that when it comes to real estate in quite a few neighborhoods on the southside, it is a block by block venture.