I wasn't sure where to post this, so please move it if that's needed.
Would you consider doing JVs with someone whose main thing they bring to the table are an assortment of PMLs, for +$1M deals? Would you want somet...

If you have owned and occupied your property for at least 2 of the last 5 years, you can avoid paying capital gains taxes on the first $250,000 for single-filers and $500,000 for married people filing jointly.

If you're sure of your numbers, get the seller to do a joint venture with you, form a partnership to take title to the property, you put up the money and do work for rehab, and you split net proceeds upon sale.

You don't want it to get that far.If you and your spouse file a joint tax return then you are both the taxpayer for the property regardless of the fact that you are the only one on the deed. 

Your Joint personal and business accounts are frozen.

You may all be liable jointly and severally for the loan but they will have to be on title to the correct amount as a tenant in common owner with you for the right % in order for it to work with the exchange.

-Whether you do the joint LLC or just set up a JV agreement to handle these things on the side.... make sure you also spell out what happens if there is a shortfall.

. - Additional $1400 in stimulus for people making $75K or $150K jointly with a roll off. - $15,000 tax credit for first time home buyers, paid at the time of closing. - Plan to step Federal minimum wage up to $15 per hour.

While networking I was asked to do a Joint Venture.

These higher mortgage rates combined with higher home prices that we have seen in recent years due to the hyper appreciation caused by the low housing inventory over the past several years and inflation costs, this will create affordability issues for many first time home buyers and financed buyers in general.So far the real estate market has had a knee jerk reaction to the monetary changes and demand has slowed dramatically.