All Forum Posts by: Justin Porter

Does anyone have experience in creating a Partnership agreement? Specifically in Texas? Looking to have a partnership where my partner puts in all the money, and I take all the risk (mortgage, insurance, picking and managing tenants). I’m having trouble finding a form to create one online.

Hey everyone! I am a 20 year old investor looking for my first property.

I have recently found out about Lease Options and how that can be an opportunity for me to build some capital and acquire my first one.

I have a friend in my town who owns multiple properties and is looking to sell them off as he is getting in his upper 60s. Due to his age, he is not interested in seller financing (due to the 15 year term)

He is happy to help me in any way, and I plan on asking him to do a lease option on a couple houses.

If I can structure it to where I net $100-200 a month, and have the option to buy in 1-3 years, that would be great for me.

I am just wondering on these type of deals, who covers the property taxes and insurance? Is my name on the lease or his?

If you have had any experience in these type of deals, I’d love to hear any advice!

@Justin Porter

Another question I had is basically how do the taxes work on that?

Hey everyone! I am a 20 year old investor looking for my first property.

I have recently found out about Lease Options and how that can be an opportunity for me to build some capital and acquire my first one.

I have a friend in my town who owns multiple properties and is looking to sell them off as he is getting in his upper 60s. Due to his age, he is not interested in seller financing (due to the 15 year term)

He is happy to help me in any way, and I plan on asking him to do a lease option on a couple houses.

If I can structure it to where I net $100-200 a month, and have the option to buy in 1-3 years, that would be great for me.

I am just wondering on these type of deals, who covers the property taxes and insurance? Is my name on the lease or his? I am sure I am forgetting a lot of questions I had.

If you have had any experience in these type of deals, I’d love to hear any advice!

@Christopher Hunter

Thanks for the website.

I chose these markets as they are within driving distance of me. I would prefer my first few deals to be within a days drive.

@Jaysen Medhurst yes sir that is what I’ve been trying to do recently. Thank you

I am a 20 year old investor looking for my first deal in the Texas, Oklahoma, Arkansas area. I have experience analyzing properties and sending offers. Having trouble finding quality deals!  I’m always open to any knowledge I can take in. Thanks in advance.