All Forum Posts by: Annie Schrock

I just bought my first rental property in Minneapolis and am renting it out on Airbnb. I'm looking for a service to do the cleaning between guests. I can't seem to find a service that does this...any suggestions on what you've used or heard of? 

Thanks,

Annie

Hi Kurt - thanks for organizing this. I'm just starting my real estate investing journey and would love to meet other people doing the same thing. Looking forward to it! 

thanks @Marcia Maynard! We will need to use a lender, unfortunately. Good point about having an LLC formed for the partnership. I also had never thought about my friend signing a lease. That makes sense so everyone is treated equally.

Thanks for the response! 

Hi all,

I have a friend who would love to buy a duplex and we've been kicking around splitting the deal - we'd get in at 5% (or less) down and he would live there as the owner occupant. I've never done this type of deal with someone before so I'm curious in how it would be structured. 

Can my name be on the mortgage with my friend without me living there? Or can I have my friend have the mortgage in his name and we're both on the title? And does anyone have any experience or ideas on how the rents should be managed in this scenario? I'm thinking that I'd have one unit pay market rent and my friend would cover the rest of the mortgage with his rent. It's a win for both of us because he gets under-market rent and my equity begins to grow. When he moves out at some point we'd split all profits. Does anyone have any thoughts on this? 

Thanks!