What’s your experience with joint ventures?

Investment Info:

Single-family residence wholesale investment.

Purchase price: $130,000

Sale price: $145,000

Collaborator on a wholesale deal. I made $3k

I asked for concrete expansion joints to be sealed, very specific, and then they emailed me back and asked it the cracks should be sealed AS WELL!

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

In both investing endeavors, I am open to partnerships/joint ventures.On top of buy & hold properties, I am also looking to step into the flipping space, as well as expand my knowledge on mid-term rentals (which is lacking in our Central Ohio market).Welcome Michael!

As long as you filed joint taxes you would be fine.)

Bathroom:Demo & Prep ($750):DIY toilet, vanity, and flooring removal.Professional plumber for plumbing adjustments.Toilet ($250):Standard, efficient model.Vanity & Sink ($900):A modest-sized vanity and sink combo.Flooring ($500):Wall Tile (Shower/Tub Area) ($1,000):Basic ceramic tile for the shower/tub surround.Shower/Bath Fixtures ($250):Update showerhead and faucet.Lighting & Paint ($250):DIY painting.Update light fixtures.Permits & Contingency ($3,000)Total rehab cost: $30,500Amount Needed: $30,500ROI: 45% of $30,500Investment Duration: 30days Profit: $13,725Total payout in 50days: $44,225EMD: The buyer has put down a 20% earnest money deposit based on the property’s ARV and they are all set to complete the purchase as soon as the rehab is done.To find out more about our Joint Venture projects, please visit our website: http://strandparkproperties.comWe're able to guarantee the return on investment (ROI) by finding buyers for the properties before listing them on our website for possible joint venture fix and flip.

It's called "joint and several liability" in the lease.The bankruptcy isn't a deal killer if (a) it's closed and (b) they've been responsible since then.

Use larger tiles (At least 12 x 12s) to mnimize the grout joints, it'll probably cost less than a vinyl surround and will look way better and add more value.Just my $.02...

When owning property with an unrelated partner, you can choose from several structures: Tenancy in Common (TIC) allows unequal ownership shares and independent transfers, while Joint Tenancy with Right of Survivorship (JTWROS) ensures the surviving owner inherits the property.