Our only big competition is that Hampton Inn down the road, and most everyone agrees that staying within walking distance to Main Street is much more desirable than staying in the commercial area (there’s a Walmart, a few fast food joints, etc) a few miles away.

Or im also seeing Joint venture.. where I partner up with someone that has the networth/cash give them a percentage and then get a down payment.. so if i give them 4% that means they get 1k (annually..?)

Also, if you want to do joint ventures, you can advertise that there too.

Any future appraisals will probably be limited to the value of the stick built since a joint property like that is hard to find comps for.

Hello, BP I am currently in the midst of wholesaling a deal with another wholesaler and I have a few questions that I would like to ask.1. The property is contracted by another wholesaler but I have the end buyer need...

So I've been direct mail marketing and this lead came in:The situation: The owner and his ex-wife still have joint ownership of the property.

This is taking the majority of my day to day as I am "turning around" the properties so when the lease-option ends I can refinance the properties for more than I agreed on in the purchase price.At this stage, I am looking to do what you suggested, syndicate/joint venture on "larger" multifamilies.

The other option is to live there for another year (sorry) and then sell, any gain you earn would be tax-free under the Sec 121 exemption - up to 250k for a single filer or 500k for a married couple filing jointly.

This is a somewhat long post of me explaining my strategy and asking for experienced advice on joint venture rehabbing...

Some ways to diversify in real estate of course can be by location, asset-type, methodology (syndication, joint-venture, sole-ownership), etc.Example :  If an investor invests into a syndication fund that invests into self-storage, mobile home parks and multifamily.