All Forum Posts by: Jason Sandegren

Welcome Shelby! 10 or so SFH is a good goal. Keep with it!

Awesome job! I'm getting close to pulling the trigger on my first multi-family deal (walking through tonight). This was encouraging!

Des Moines is very hot at the moment. Not quite to mania levels, but most properties are on the market less than 72 hours. My aunt was selling her house last summer and before they had even listed it, they had offers from people who heard they were moving.

Just one of those pesky ethics things we have to be careful about. Oddly, if you believe I'm your lawyer and I haven't been clear that I'm not, in the eyes of the professional ethics, I am! Best of luck and let me know if you need any more non-legal advice!

Hi Evan, I'm interested in attending a meetup soon, but I'll be out of town for June (assuming it's the same time/place). Would love to hear what the plan is for July.

I would talk to an attorney about an LLC. You want to know how putting title into the LLC would affect your financing. Generally speaking, an informal or general partnership leaves the assets of with partner at risk. Anymore, an LLC is a preferred route for risk avoidance. be sure to ask the attorney how where the LLC is formed (KY or CA) may affect your choice. Feel free to let me know if you have any questions! I am a real estate attorney but not licensed in with state. Disclaimer: I'm not your lawyer and do not consider this as legal advice.

Welcome!

You're talking about a quit claim deed. If shielding the asset is your goal, it depends on how the current partnership is structured (general partnership, limited partnership, LLLP, PLC, etc). My advice would be to consult an attorney in your state.

Disclaimer: I am a lawyer, but not your lawyer, and this isn't legal advice. We do title work and closing for many REO properties in our market. SWD is standard practice. If it were me, If get the owner policy and consider having an attorney review a title search. $500 to an attorney could save you a lot of headaches.

Hey all,

I'm looking at beginning my own real estate investment with purchasing a duplex. My soon-to-be wife (this weekend!) has stated that one of the amenities she wants in a home is the ability to run her own garden. 

What do you think about offering garden space and/or selling fresh produce to tenants as a value add? Many of the posts and podcasts I've encountered have advised to find something that differentiates your property. As far as I can tell, this is not a common (or commonly marketed) amenity in my community. 

Does anyone have experience with this sort of value add?