Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

21
Posts
7
Votes
Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
7
Votes |
21
Posts

Should I file a notice of interest aka memorandum of interest?

Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
Posted

I invested over $90k in two rehab projects with a partner. I'm acting as the silent cash investor but with my rehab experience I've put in my two cents and called some of my contacts to work on the house. The first house sold and I didn't get my share of the profits because my partner said she didn't make enough from the sale. I just got my principal back with an IOU for the profits. We just completed the second rehab and it's currently on the market. The contract between us says that I have no claims to the property and that I'm a silent investor. With that being said, I want to make sure I get paid all what I'm owed at closing as promised. Am I able to file a notice of interest on the property? I really have no recourse other than to file a lawsuit for non payment. Any suggestions?

Loading replies...