Minimum investment is $50k Due to the soft market we are able to take advantage of another developers failed attempt to turn a profit and we can together enjoy the benefits.

We do not make a lot of money on each deal like the good ole days, but decent profits happen based on the volume we can do.

Would anyone more experienced be willing to do a JV as a teaching experience for me and split the profits?

I have been looking for months in Milwaukee for properties that profit using the 50% rule.

Then I simply get my quotes for the necessary repairs, add in my profit I want, add in all purchase and sells costs, and determine my hihest offer price (of course my first offer is usually lower to start) but not always.

This spring he virtually disappeared for two months and I found out when he got back that he had created a group that bought half of a pacific island and wholesaled about 200 lots, making himself a profit of somewhere between 2-3 million (2 months profits).

Or split of profits.

We need to be able to purchase and rehab these home and be able to sell them, with profit included, for 65% of CURRENT Market Value.

I also am more knoweldgable then most agents when it comes to the financing options, business planning, fix-n-flip vs rental, estimating cost of repairs, cash flowing, property expenses, net profits, ect.I enjoy helping others succeed in the Real Estate Investment Market (yes, even in this bad economy....it still can be done ;) I specialize in helping brand new investors get on their way in Real Estate Investing!

High origination fees and high interest rates set the bar very high for you to find a deal that will be profitable.