I am not necessarily looking to joint venture at this time but will consider all options.

You many even consider a construction adhesive to glue into place and then come back and fill the mortar joint with the quickcrete.

Numbers of a joint venture with sellerThis usually works best when sellers already tried to sell with an agent so it's an expired listingUse a yellow pad and draw three columnsFirst column is selling with an agent and paying the cost to sell 6% commissions, 2% closing costs, 3 to 6% sellers concessions, One to four months P ITI and maintenance if you price a house wrong, Costs to repair to compete with all the other houses in that sales bracketAdd up all those costs and it's usually between 12 to 14% of value of the house---Next column is selling to a real estate investor70% of ARV or after repair value minus repair costs minus wholesalers feeDo that math on their house and see how pissed off the seller guess they see such a ****** offer---The third column is where you do a joint venture with the seller, you can't do this call them unless you know repair costsTake 10% of value and subtracted from after repair value for sales costs, commissions closing costs etc.Subtract repair costs from that figureNow you're probably thinking I don't have the repair costs, well you should be looking for private money as well as looking for motivated sellersGoogle "private lending Brian Gibbons"Let's say you have a private lender money to do the rehabAdd 10% of rehab costs for the private lender for interestThen you need a jv feeI charge 5 to 10% of ARV---When do you try to negotiate a joint venture with the seller?

Unlike RE laws where a state commission may send you a nasty letter or slap your wrist, in lending you can have serious issues, $100,000 fine and or 10 years in a federal joint!

My firm specializes in the Private Equity space raising capital and structuring joint ventures for residential condominium development projects.

Our joint venture partners are going to be super excited to get in on this one!  

Private money guy provides the cash in a joint LLC I have formed with him.

@Sean ImfeldHi Sean,I see two ways here :Partnership (Joint ventures) :This agreement should document how future business decisions will be made, including how the partners will divide profits, resolve disputes, change ownership (bring in new partners or buy out current partners) and how to dissolve the partnership.Coporation :With this one, it is very easy to ''split 90/10'' because it is based off Shares.

I have not put together a P&L, tax returns nor did I "interview" with joint ventures.You can make money, buy and sell, off the grid as you say.

It makes the joint pull tight when you nail it.