I researched USDA loans but assume that our joint income would be taken into account and exceed the threshold to qualify.

.- This is the first house we would be buying with joint ownership.- Our debt to income ratio is around 35% if you factor in both of our mortgages.

Even though I'm looking to invest passively (in a note fund or jointly with a manager/advisor), I am interested in learning more about the business, just for my own risk protection.

Hello BP community, I have 2 acres in Taylor, TX and am considering a Joint Venture, using the land as my equity into the deal.

I was at a bunch of open houses the last two weekends in New Jersey close to NYC and the joint was jumping.

There are other reasonable methods of prorating, such as square footage.Not sure what your tax situation is, but it's possible that on your 2018 tax return you may not get any benefit from property taxes allocated to your personal residence (Schedule A) since the standard deduction for married filing jointly is is $24,000 in 2018, so it may be especially prudent for you to seek professional advice on how to reasonably as much as possible of your expenses to your Schedule E.

However, since the LLC as a partnership is a pass-through, whatever interest payment made by the LLC (as an expense) is an income to the members, so it all washes out at the end, when everything is aggregated on the 1040, which will be married filing jointly.  

The book is called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".

Its something like if you run a joint application, it'll take two fees and if it qualifies the first person it won't report anything on the second person.

Not to disagree but we use a joint strategy for columbus for both of these. i don't like to have too many projects going in either of these types of neighborhoods