If it’s verbal, they’ll need to document any prior communication or payment records to establish the relationship.If the PM is completely unresponsive, they may want to send a formal written demand for communication and payments via certified mail.

When it comes to taxes, the key to successful planning is documentation; retain all records of spending, as all those costs can be deducted.”

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.

We thoroughly regretted it well into the morning hours.Bad news: Most good tax accountants also have lines and a long wait, and for the same reason. 

I never give the system or the prepped documents. 

Good news is that at least the PMC has agreed to a $1k credit.

** This is part 6 of me documenting my fun and often stressful real estate journeyThe nightmare is finally over.Today I close on my second flip ending what will hopefully be the roughest period of my investing journey.

The good news is that it's never to late to start!

Even PS blowing up is not really news, it was expected.