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6 October 2024 | 1 reply
For due diligence, since you're new to industrial real estate, it’s best to engage a third-party firm that specializes in property assessments or partner with an experienced investor.To structure your involvement, if your spouse is a licensed agent, she could act as the buyer’s agent to earn a commission.
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4 October 2024 | 16 replies
What started out with 2 honest and trustworthy professionals ended with both accepting negotiated prison sentences.
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6 October 2024 | 3 replies
Some other structures, like a patio and propane tank, are even closer.
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8 October 2024 | 10 replies
The paid services are useful if you want everything handled for you, but it’s not a necessity.If you need further advice on structuring or financing your investments, feel free to ask!
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21 October 2024 | 176 replies
OPDepends on your REI type and your deal structures.
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8 October 2024 | 23 replies
I'm not a fan of the Oxford House Moedl-they need structure and accountability.
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7 October 2024 | 7 replies
Great point on the differences it can make wrt the more complex structures.
7 October 2024 | 10 replies
Its to make sure you have enough skin in the game on this property such that when you buy the next one you're not going to be in over your ski's.Hope that helps, there are many ways to structure your situation so that you can bob and weave around these obstacles.
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5 October 2024 | 0 replies
Here’s what a 'co-ownership consultation' would look like:- We review an active listing of your choice to:- Build a cost-of-co-ownership model for the property which includes:- Individual ownership and ongoing cost assumptions- Modeling potential rental income for short-term rentals- Modeling financial outcomes from various exit scenarios- Tax benefits and considerations of shared homeownership- Pros/cons of different ownership structures (joint tenancy, LLC, tenants in common, etc)- Talk through the legal agreements (I am not a lawyer and this is not legal advice but I do have extensive knowledge about TIC and other co-ownership agreements)- Briefly discuss some of the ways AI is making the work that goes into successfully managing a shared home easierIf you're interested, here's what I'm asking:- You’re a U.S. citizen or permanent resident interested in co-owning in the U.S.- You choose a property that’s actively listed and something you'd realistically be interested in co-owningShoot me a message if you're interested and open to 30ish minute chat.Thanks!
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4 October 2024 | 9 replies
How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.