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All Forum Posts by: Mikaela Hall

Mikaela Hall has started 2 posts and replied 3 times.

Hey Austin,

So I was looking into a potential place to purchase so did not submit to the county, but according to the land use zoning converting to a duplex was explicitly restricted. I am, however, going to permit the basement an ADU, but don't close until the middle of the month will update you on the ADU process as is progresses.

I am located in Vancouver, WAS and am looking to purchase a single family home (R1-7.5). This home has a basement which already has a kitchenette and bathroom. I would like to permit this for multi-family. I have contacted to county to better understand the requirements and if this is an option. Has anyone had any experience or difficulties doing this type of thing in Clark County?

Post: Formalizing an Investment Partnership

Mikaela HallPosted
  • Ridgefield, WA
  • Posts 3
  • Votes 1

I am just starting out in and have identified an promising multifamily property. I am going to partner with my contractor in the deal where he has the cash but I have the credit and income history to get financing. The investment will be mortgaged in my name, but we will effectively be 50/50 partners. I would like to protect us both by creating some kind of legally binding contract that protects us both. What have been people's experience in handling this type of situation? Have you hired a lawyer or simply used a partnership agreement template online?