Looking back on how I started working with my best partners I work with today, they all started with friendly conversations.

Essentially, I would like to buy and hold for appreciation (less likely), or look for a partner to develop.Any advise is highly appreciated.Thank you in advance!

You would be seeking HML,private money,or an equity lender with loan,or a partner in the deal.Most of these investments are project based.Your 200k income could be here today and gone tomorrow.If you could provide more specific info it would help.

Now, most of the profit is mine except for my JV partners.

With pesos....Your contractor is your partner....do the due diligence up front to make sure you have selected someone competent.

He came up with an idea that we work as partners with an LLC.

The one time it came up, I negotiated the EMD would be deposited once the money partner (I.e. end buyer) approved the contract.

I'm partnering with Marty Boardman and his business partner on starting some rehab operations in a city that's new to both of us.

He's fine with it and has no interest in equity/ tax advantages/ payments, just doing me a favor by partnering on the mortgage, but wants me to refi into my name alone within 1 yr - no problem.

So I'd like to identify a wholesale house or REO that's a fixer and we'd partner on it.