Now that I am investing for less risk, less aggravation, and increased capital gain potential, I use the 1% rule for Class A residential and the 1.5% rule for Class B.

This includes vacancy, taxes, insurance, maintenance, management, and your capital expenses fund that you should build up for your once every 5-10 year things.

You have $16,500 in capital in and $27k in differed equity.

So the recap here is you have the capital and more of the admin/management and he is more on the ground and construction.

I am interested in wholesaling properties to build up some capital to reinvest into rental properties.

Just a bunch of random things really, but it was all beneficial, in my opinion.PRESENT:I save about 38% of my take-home pay, which will be used as my initial investment capital once I’ve saved enough.

The plan is to find a good solid job to build some capital quickly because I want to buy a and down the road some Multifamily units that I can rehab and then hold on for rental income.

What you have to sort out is who will provide capital to the company and perhaps who will just provide sweat equity/expertise.

We've decided to do the first property as follows:JV agreement where he'll contribute 100% of all capital into the project, including purchasing, holding costs, and rehab up to $100K.

However it is much riskier and you should have capital to back you up, also the contracts much be done correctly to avoid additional liability.There are two separate contracts, one is between you and the owner and the other is between you and the Tenant/Buyers.