As a JV partner, I split the profit with them when it comes in.However, using the techniques of the publishing industry, I give them an advance on their portion of the profit.The LLC method works as well and may be a bit more robust.

I've been in the mortgage banking industry for 20+ years.

Sounds like you manage several investments, in multiple industries.

I think this is a good time for investing and I want to get back into the game but need to know if foreclosed properties are a better way to go vs. rehabbing.

It sounds like you've been in the game for a while.

With the short sales i workl, i have complete control thus eliminating the games people play.

They may not go for a 80/20 situation because then you have no skin in the game.

I can be bought and will remain loyal until a better price comes along.Once you determine what area of real estate you want to get involved in, you're gonna discover that your college degree interfaces with the real estate industry on a number of different levels.

I am a Commercial Agent who has very capable residential agents.Showing positive absorption on the commercial side (office/retail/industrial)Residential market is stable with a large number or foreclosure and bank owned properties.

I've learned the "books" about the industry, and now am applying what I've learned to the real world.