If you modify the lease to add this other person, everyone should know they are both jointly and severably liable.

.: I get colleague request from time to time and one of the first things I do is look at a person‘s profile.

I would love for this person to be able to counsel us on our entire portfolio (retirement, mutual funds, AND real estate), LLCs, do our taxes, and offer RE professional tips.

But on a personal level, you’re saving a ton by living for free or at a reduced cost — it’s basically trading property cash flow for personal cash flow.Now I’m considering bringing in a private lender for my first deal, and it raised a question: 1.

Ken, if one were to purchase a property sub to taking title in the name of an entity, would that person still be require to list the mortgage note as a liability on their PFS so as to avoid a fraud charge?  

Further, the owner had personally borrower $200,000 from relatives that was overdue. 

Every new owner / potential owner gets a call from me personally within 24 hrs but normally it is the same day.In this business, you have to kiss a bunch of frogs before you find the right team to work with.

I can't see how they can tell if days were blocked for personal use or a rental.

It all depends on how you source them (just like here in the U.S.).It honestly works the best when the overseas person is managed by a U.S.

My personally....I like Woodlawn more than Pilsen @Anne Connor!