Whichever route you decide to take, I'm happy to connect and walk you through the process of how to get the money for your next venture.

Great to have you joining our community as you venture into real estate investing.

In joint ventures or partnerships, profits, losses, and depreciation can be allocated strategically to align with each partner’s tax position, as long as the allocations have economic substance.

Curious what tools, strategies, or workflows you all find most useful lately?

Single member ones are easy and go on your personal taxes, while multi member LLCs need a partnership return but give you more flexibility with profit splits, but do not get them for spousal ventures.

Whether or not this is a good idea depends on your current situation, past experience, and long-term goals.If you have acquisition experience, construction experience, or other relevant skills, you may be ready to begin analyzing deals and making offers.If you have no prior experience in flipping or construction, this venture will be very risky.

Definitely talk to an attorney who has experience with joint ventures in real estate.Let's connect!

Thanks @Jared Galde, what are one or two things someone should know before jumping in to that venture?

It's exciting to explore new ventures in real estate.

I can afford to take on one of these ventures now, but I am hoping to invest and generate income towards these goals while building equity.