I had access to a legal and compliance team to assist in doing such, as well as my background in contract law.

You can't sign a contract now - once both parties sign, it is executed.

The IRS only requires that the QI be an unrelated 3rd party who's only role can be performing your 1031 exchange. 

The crucial part is “all sources” and that is why security deposits are also considered."

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

Hey Shane, I'm late to the party here, as is everyone else!

If you represent the leasable space as what's in the condo plan and they accept then that's the space they're paying for, I'm not aware of a legal obligation one way or another.

At the same time you're figuring that all out, get your brother and friend under a lease, or at least, a written agreement both parties can agree on.

This week, the City of Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for "illegal boarding houses" on constitutional and fair housing grounds.This marks a huge victory in expanding affordable housing solutions while navigating legal challenges.

In this post, I’ll explain why private lenders are vital to structuring successful JVs and how both parties, real estate investors and private lenders, can benefit from collaboration.