Your focus should be on bringing in as much revenue as possible so you can get approved to finance your next venture...and the one after that.

Hey been studying real estate for about 1 yr now really want to get Into rehabbing houses but being new don’t quite have to capitol to start I have contacted hard money lenders and understand a little bit of how it works but just don’t have to capitol with research I found my best approach is a joint venture I been to groups and and forums and have leads slowly coming through the pipe line but have yet to form a relationship with whom I can do I joint venture any assistance would greatly be appreciated thank you

I subscribe to his philosophy and just don't do partnership, however, I do a LOT of joint ventures, and would suggest that for you.

If you are going to partner with someone, you might consider a joint venture, but this requires all partners to be active on the deal.

This is my first multifamily venture, so I'm learning as I go.This deal just seems too good to be true.

@Curtis Eddie congratulations on your big venture!  

There are a variety of ways you can get started – joint ventures, wholesaling, and property management are just as few ways to test the real estate investing waters.

You can get in actively finding and closing your own deals, joint venturing with someone else, or investing passively in a multifamily syndication.I started out with single family home rentals in the midwest, but I am now focussing on multifamily syndication in the SE of the US. 

Curious to whether this is a profitable venture once you have installed gate + keypad system (no onsite staff apart from some checks ins now and then) and whether customers would even rent at such a small facility.  

We will then do a joint venture agreement and set up the operating agreement for the LLC.