So currently I've partnered up and purchased an out of state duplex that has a 16% cap rate with property management for $10,000 less than my Des Moines condo.Good luck on your venture.

Also bought them and had a small 6 unit apartment building.I own a marketing company that does Search Engine Optimization, Marketing Consulting, Internet Marketing, Direct mail, and I am involved in other business projects (joint ventures with people, etc.)Anyway, enough about that...My goals are to purchase mobile home parks where the park owns the land--not park owned mobile homes.

., I believe you and I are at the same stage in this venture.

I am currently venturing back into rehabbing and utilizing my construction background and the insight provided from this website.

Some concepts to think about as you venture off into the sunset.

I need a referal to a good Joint Venture (JV) agreement contract template??

I have been searching site after site, and I cant seem to find one that has a Joint Venture Agreement for wholesaling, when dealing with another wholesaler.

The have a problem, such as divorce, move out of town quickly due to job transfer, paying too mortgages, etc.Focus on that.I live in Los Angeles where a simple home in Indianapolos IN that costs $80,000 costs $800,000. plus here.Creative Financing has to do with not using banks to purchase or control, such as sub2, wraps, contracts for deed, straight options, lease options (sandwiches and assignments), and others.Also Creative Financing has to do with OPM (Other people's money), such as Money Partners, Credit Partners, Private IRA 1st Mortgages, Joint Ventures, syndications, etc.Do not limit your vision in REI to personal bank loans, Learn about creative offers.

Good luck in your ventures!

Is this a hard money loan, a joint venture, will one investor manage the property, will both manage the property, etc.?