All the best on your real estate venture!

Remember you don't have to own a property to control it.

Ok, I know my limitations and as a first venture into RE investing, this isn't anything that I could do; however, I know of at least 3-4 investors that could potentially be interested in this; however, there is a tremendous amount of due diligence I would need to do, before I brought it to them to view.Unfortunately, I saw this property about 6-8 weeks ago, and I looked it up, and saw that it was owned by what looked like an investment holding company of some sort.

I think the owner died a while ago and her daughter has the property now.Before repair value - unknown, home is uninhabitable right now and might be moldy inside.After repair value - 950,000After repair rental income 3500/monthRepair costs- I'm thinking at least 150KI want to gain control of the home with little or no money down, catch up the taxes, fix it up with investor money and then either buy and hold or sell by assigning the contract.  

Hi BP community,I am looking to find some quality input on the idea of doing a joint venture with a contractor/investor.

Perhaps investors are willing to buy with lower cap rates, perhaps investors are willing to speculate more, perhaps there are rent control rules/laws that need to be factored into the analysis, etc. 

Remember you don't have to own a property to control it.

Consequently, you stand to lose some level of control. 

Remember you don't have to own a property to control it.

MOST places require you to live there for one year unless there are changes beyond your control.