My name is Ronald and I'm going to jump right into it.I'm currently looking to secure a joint loan with myself, my mother and fiance for a property in Houston, Tx.

My name is Ronald and I'm going to jump right into it.I'm currently looking to secure a joint loan with myself, my mother and fiance for a property in Houston, Tx.

Instead do a Joint Venture for each property.

It reinforces my decision to joint the biggerpockets community!

@Liz Sickinger Maybe I'm not following...are you saying you want to weigh using a lender instead of private capital...there's a lot more going on here, just trying to get on the same page.Forming an LLC doesn't really accomplish that much for establishing a joint venture...I mean, they're good, but you'll need an attorney to draft an operating or JV agreement...I guess you can always go forward on a handshake if you're in a great relationship...but there are a lot of moving parts and risk associated with flipping property.If your partner is funding the deals 100% he'll require security in the form of a deed...so, he'd have ownership from the get go and you would be able to hold equitable title (depending on the terms of your agreement that is)...there's a hundred different variations to this...Sorry, hard to give a straight response without more facts. 

I make the roommates sign that they’re jointly and severally liable for common area damage and I try to sign individuals for 12 months at a time (flexible for lower lease term for higher rent depending on demand.

There is no such thing as a joint venture that allows you to market a contract another wholesaler is party to.  

For a particular zip code, look for a healthy mix of ethnicity.

Depending on how the title is held, the property might go to the survivor of a joint tenancy.

I suggest looking at joint ventures starting out.