Hey everyone,I am currently involved with a flip in the Beverly Hills area and everything is going great, but I am looking to build my own team for a new real estate venture.

I have tried many business ventures with little success.

With this amount of money to spend on the design (excluding $46,600 for sprinkler system install), I really have to think twice about venturing into residential assisted living business.

Are you looking for a veteran or someone that can spare some cycles to help in the venture.  

Or, if you are a little more sophisticated you can joint venture with someone in Idaho or Arizona where property costs are reasonable.

Now I'm ready to venture out of my comfort zone and buy one to flip quickly and not live in.  

A partner who has Ownership of your venture, sometimes into perpetuity...You can message me at Mike at MassRealEstate dot net for that AttorneyGood luck Buddy!

Care to share any updates on your new venture?

I know many HML - but would not recommend any of them - their interest and points are high and your lose much of your potential equity.I would rather have an agreement with the seller and negotiate time to accomplish real estate profits goal.I use a system called Control and Roll - control the property with a skinny contract - maybe a joint venture with the seller - take possession - long settlement time - do a hybrid with marketing clauses  and assign the property before you have to close --- take your quick profit and move on - Why put yourself in a position of having a HML as your partner - they don't do anything to help you.Learn how to leverage to your advantage and you'll never need to kiss-up to the HML people.

:)  I appreciate everyone taking time to provide feedback as I am not at all versed in how these types of ventures might be financed, outside of a possible SBA loan.