Stay healthy & Safe!

@Sandi L williams if you're confident in that 90k then just write up a joint venture agreement (google one) with someone close to you that is confident in the deal as well.

The owners were in their eighties, the wife showed real signs of lack of competency, the home was in joint tenancy and the buyer was going to loan some money for a life estate and also draft a purchase agreement for when they die.

However, a lot of individuals in this space will be syndicating (fancy word for saying pooling together passive investment capital) or Joint Venturing (similar to syndicating but all members are active and there only a few).  

To answer your question, you don't want fear, you want a healthy respect for investing.

I'm no attorney, but my understanding is that Jointly and severally is the magic phrase in this situation.

Also, check out some Joint Ventures, and see if you can meet folks at your local Meetup.Originally posted by @Isaac S.

Hi John - a good (and common) compromise is to joint venture with someone who already has the education and relationships.

The local banks will likely want (boots on the ground) and the owner to be in Texas.Most capital markets mortgage brokers won't do a loan less then 1 million and most not less than 2 million.If you go after such a small property make sure the cap rate purchase is really high to offset the higher debt rates so a  healthy cash on cash spread is maintained.As for Austin Texas retail centers the minimum go for about 2 million and up into the tens of millions.

@Joe Scaparra, that’s granny behind the counter at your local fast food joint.