Do a joint venture agreement with them and come to an agreement on the split which usually is 50/50...

Hi fellow BP members! This is my first posted question, so please bear with me!My dad and I recently used our SD Roth IRA's for the first time to purchase an investment property in SC that we plan to flip. The propert...

My solution which may not be an option for you, would be to move in and buy it as an owner occupied rental, you can put 5% down and move in within a year of purchase, also a great legal way to get rid of bad tenants.Alternatively you could partner with someone and supply the mortgage qualification and half the downpayment, in exchange for them to property manage and put down the other half downpayment, or something similar.Research Joint Venture agreements.

Knowledge of Delayed settlement, assignments, joint ventures, 100% formula?

This is a people business and a good REI Assoc will be the genuine avenue for creating lifelong partnerships and friendships.

Account ClosedAs to how taxation works can be worked out in a Joint Venture Agreement.

So many joints to leak and they take up a lot of wall space.

Are there separate limits for a spouse, assuming the properties are not owned/titled jointly?

the motivation is genuine as Edward B. pointed out.its the numbers that should be scrutinized

@Diane Trotter An accredited investor is defined by the SEC as someone who made $200K/year (or $300K/year if filing jointly with a spouse) for each of the past 2 years (with the expectation to do the same this year), or has a net worth (excluding their primary residence) of $1M or more.