Now this number will change if the person pays off early, etc. 

Key differences for us include:- we JV with local person on our deals.

Although we had to fund the $45,000 purchase, our approach ensured the property was sold quickly, reducing the time our capital was tied up.

We provided funds for the $125,000 acquisition and $103,000 renovation.

We provided funds for the $125,000 acquisition and $103,000 renovation.

Simply put, it will not last for over a month.Therefore, IF I want this property, I cannot wait for my current rental to sell, get the funds in the 1031 Exchange’s escrow, and THEN pursue this house, as it will certainly be gone. 

But I do know what it looks like when someone is about to be separated from a lot of hard earned money of theirs... and YOU potentially look like THAT person.  

Hi Felix, all great questions.You should be able to pool funds under various legal structures (LLC, JV, Trust, etc.).

I recently launched a fund for my vacation rentals deals.

We provided funds for the $125,000 acquisition and $103,000 renovation.