Conventional loans, seller financing, business loans, private loans or joint ventures, or raise private capital, etc.

I'm constantly amazed how much some individuals are willing to contribute to the education of the rest of us.

I'm constantly thinking about Real Estate and the "next" deal.

Putting asside the moral aspects of this transaction, I would think a "Joint Venture Agreement" would be your best bet.

For instance, Joel constantly says it is okay to say that you operate a fund and share the profits with investors.

At the end of those 15 years (assuming a 15 year mortgage), the LL then owns a condo worth $30,000 plus 15 years of appreciation.A quick calculation show me that it will take a constant annual apprectiation of 6.3% just to make up for these losses.That is why I mentioned a crucial factor in this decision is the LL's perception of the future appreciation.I stand by my conclusion, sell or walk.

Unless you are buying brand new which can be around 80k -100k a door then you are looking at older type properties at 30k-50k a door that need constant upkeep due to age.

@Andrew Hunt I have a lot of clients that simply do a 1-2 page joint venture agreement that is project specific, and then at the end they split the profits based on the agreement, and everything flows through as income to their individual LLCs.

I would help locate and manage the investment.Essentially, we would want to hold title as joint tenants, such that title would pass automatically upon death.

So Mathew my advice is to go to real estate meeting and constantly eat crap and sleep Realestate.