Jonathan, I'm not sure this fits exactly what you are asking but I thought this might be helpful.Raising Money in an LLC or Joint Partnership-Securities LawFull disclosure--I'm a client of Mat's law firm but this article is on a public blog and meant for general consumption and is not specific to clients of their firm.There's a podcast that I've listened to on this subject (not BP Podcast), if I can find it I'll post it here too.  

I was brought to my knees by the prices of SFRs in gentrifying neighborhoods like Highland Park and Leimert Park.

We usually meet the third Tuesday of the month but with the holidays we are doing a joint Nov/Dec one (I have not booked it yet) and we meet off the Blue Line at Harlem@Christopher Leon also does a group in the burbs that I have heard good things about

That night out had the original 5 telling everyone they met about the deal they lost out on instead of them saying I was knee deep in a pile of manure and probably was going to lose my shirt any day now and how smart they were to bail out.

They are also starting a, "just deals" meeting twice/month where people bring deals for sale and/or networking opportunities for things like like joint-ventures or partnerships in flips.Feel free to call me for further info (417) 50-4388

A real estate bird dog (deal scout or real estate jobber in some circles) is someone who gets paid a referral fee (based on a joint venture agreement with a real estate investor) to locate distressed property deals and prospects. 

If you set up a joint LLC, the operating agreement is where this goes.

When you hold title of the property, be sure to hold them as Tenants in Common, not Joint Tenants.  

If you have 50,000 that means you have 50,000 of EQUITYTake 50,000 and divide it by the equity portion of the LTV ratio you expect to get:So... 50,000/25% if it is a 75% LTV = $200,000 This means you can purchase a property valued at 200,000 at the given LTV assumption of 75%.Break it down further like this:200,000X.75%= $150,000 debt you can borrow200,000X.25%= $50,000 Equity you haveTotal = $200,000 of course this doesn't count for closing costs etc... so you need to factor that in (maybe use a lower LTV ratio)Creative ideas I would use:-Owner finance as much as you can where it still cash flows a t a nice rate of return paying that note-Joint venture with someone who has some equity and go into the deal together - split the returns pro rata according to %'s invested.

can joint ventureown the property outrightit is a level, fairly square lot highway frontageheavy trafficbruce 510 501 9026