You might also try a local REI group and might find someone there who would do a joint venture; half a deal is better than none.

I'd be interested to hear about your first venture in REI.

(Liability issues) Same goes for electrical, that's why it's better to checkout the top rated DIY books for the field (tile, plumbing, electrical, and carpentry) from the library, go to the Home Depot classes and ask questions before you end up costing yourself more money later on.For the minority, the people who have the vast experience or knowledge in multiple fields to make the repair to code, inspections must seem like a repetitive nuisance caused by the hacks in the field who are lacking.Anyone should be able to change an outlet or repair an in place pipe.Unfortunately in my personal residence the previous owner thought to install an additional switch in the vacant slot of a 4 switch row that you could just use a jumper wire from and to the surrounding switches and make aseries connection for power to the newly installed switch

Knowing this, we as investors have to continually look ahead.The problem with your business model is that it stopped at acquisition number 1 or it was dependant on another source of income to finance future ventures.

Right now I'm exploring Joint Venture Agreements with real estate investors as part of the purchase I am a small equity partner.

So, from that respect, the answer is 10% and no points, which is the limit in Missouri.To circumvent these issues, a joint venture approach is necessary.

A new twist on DIY evictions!

Others may be for quick-turn equity appreciation primarily through property enhancements and/or occupancy improvementsRight now, I'm focusing on building my power team -- Realtors, title & escrow company, appraisers, contractors (for repair estimates only), home inspectors, private & hard-money lenders, transactional funding sources, mortgage brokers, loss-mitigation negotiators, and joint-venture partners.I'm also focusing on building my cash buyers list through several mechanisms, such as direct-mail to specific targets and postings to places like Craigslist.

If you are unsure about your legal standing in a deal then ask if you can become a partner in a joint venture agreement with an investor with the understanding that the investor in question buys you out at an agreed upon price once a transaction is completed.

(There is a BIG difference between submitting a package and actually negotiating for the best exit and best price.)I hope this has helped in your venture.