We have two choices, borrow the money from an HML or partner up using a joint venture agreement.HML terms:10% down @ 12% I/O with a 12 month Stop and a 2% origination fee due at closing.Total cash out of pocket for the hard money loan:$9K downpayment$2K Closing costs$1.6K Origination$25K for the renovations$.4K for utilities$1K for insurance and Property Taxes$5K for 6 months of debt service= $44K out of pocketNote: That we now only have $16K remaining of our original $60K.

He will pretty much give it to me but he also said that I would have to talk to his brother because they have joint POA.

It will hold all four "joint and severaly (spelling?)"

Hello everyone,I came across a piece of property that has been flagged as a nuisance by my city. It is a boarded up 3b/2ba but this thing is sitting on 2.2 acres of prime real estate. I have been exploring new home bu...

If you do add him to the lease, you should insert a clause that both tenants are jointly and severably liable for 100% of the rent, so if he doesn't pay, she's responsible for the whole amount and vice versa.

It would probably serve the OP best to put whatever extra income she can into the traditional 401k's and IRA's to at least get taxable income down to the 12% bracket--- $77,400 if her and her husband file jointly. 

Your partner who is using silicone on a drywall joint, not staggering flooring and painting door knobs is actually not saving any time by cutting corners.

I discovered that the cast pipes used to be put together by pouring molten lead over twisted hemp which was jammed into the joints.

i have several projects here in the Philippines with BUSINESS PLAN2 of them are priority.SMALL PROJECT : 70 acres ideal for Low-Cost Housing (cheap Houses ready to accupy) - initial invest $ 5M with 200 units availableTURNOVER is 52 M USDBIG PROJECT : 800 ACRES - ideal for Class A Residential CommunityThis is so big thats why the Capital investment $ 20 M is only for property,I have contacted a big-developer for a joint Venture .

If you don't know much of anything about real estate, your best bet would be joint venture wholesaling.