@Nixon Corpuz you certainly don't HAVE to use the same lender for both products but you can if you wanted to. 

Ricky Davis specializes in real estate and construction law.

Thank you Ricky!

My name is Ricky and this is my wife's pro account if there is any confusion there! 

Thanks for the share, Rick. I

Yep, fractional ownership is what Rick is trying to do.

Originally posted by @Ricky Stafford:You have 7 rentals that you own outright.Those 7 rentals pay for your living expenses + savings.You want to move but don't see how you can?

@Ricky CassidyA few points here:1.

@Leanna Nixon you can tell your lender how much cash you want to take out when you cash-out refi.  

hi rickI think your question has two question in onefirst has anyone setup a reitfor me the answer is yesnot one but I setup small reits that grow to larger reits and yes the aim is to take them to public listinghere there are very expo to do so we set them up as a syndicate first and reit second once the capital allowsnot sure if our model work in the USsecond why do you want to do itthe ppp is a way to go but usually the personal people want control and unless its done as a syndicate it hard to control.what you need to first work out is how much you need and what the returns will be and then work out how to do ithere in aust self managed super funds can the same as your super fund groups and they wish to invest with long term growthbut to get to them you need to be a reitthats why we invest first with private smsf take it to reit position and then market to the superfundsnot sure if this answers your questionfirst part is fine yes I can tell you how to setup a reit but it cost around 500 to 600k