I always hear about how my Pops could go to a burger joint and eat for (under) a $1 way back in the day.  

Joint Base Elmendorf-Richardson, bah is high and acquisition costs aren't too bad if you look around.

Did the joint where the clay meets PVC fail?

Intention is to have a parent holding LLC with subsidiary LLCs to hold assets, form joint ventures and possibly one as a holder of interests in foreign entities (we may do some investing in South America too).My wife/partner is a foreign national in the US and does not have any US based documentation (no Tax ID, no Green Card, no SSN, etc) at this stage but we do intend for her to get residency documents in the next couple years.The plan now is to incorporate the LLC(s) beginning in January with myself holding 50% and my foreign national wife holding 50%.  

Joint Venture, and of course, you can do family loans. heh.

How about joint venturing on a non performing note where the exit strategy is to take back the property, fix it up and sell it?

@Carolyn LorenceThe IRS rules prohibit any direct or indirect benefit between a disqualified party and an IRA or 401k - in either direction.If you create a joint venture where each side of the transaction is wholly separate and there is no commingling of funds, that would likely be OK.The potential issue is whether being enabled to participate in the transaction due to the presence of funds from a disqualified party would be viewed as a benefit by the IRS.  

I am in escrow of purchasing a house, the house is owned by two brothers (A and B), in form of joint tenancy.

White Paper Marketing to D4D Leads Via Direct Mail, Including Yellow Letters, Letters, and Postcards1.0IntroductionWe end up here due to a failed joint venture with a wholesaler.

If you do a joint venture then you may not have to pay much of anything at all but you will have to give up a part of your profit for them assuming all the risk.