For lending to friends or family who prefer minimal involvement, provide a **Loan Agreement** with loan details and repayment terms, a **Promissory Note** as a formal repayment promise, a **Security Agreement** if collateral is involved, an **Investment Summary** covering project numbers, process, and security, and a **Disclosure Statement** explaining potential risks.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

Other than listening to BP podcasts, reading over a dozen books and engaging with the masterclass content, I have no formal education in real estate. 5.

TIC is just a way to hold fractional ownership in a property while HOAs are created to formalize and organize fractional ownership.

It's smart to have a formal lease agreement with your friends to keep everything clear and professional.

@Grant Baker Make sure that you have a formal partnership agreement to avoid any misunderstandings.

If someone crosses the border the odds of them working a low wage job and living in D and C class housing is very high. 

One of the most critical things to do when investing internationally is to build a solid local team that includes a tax advisor familiar with cross-border investments, a real estate agent who understands the market, and potentially a property management team if you’re considering rental properties.If you're interested in learning more about the Indianapolis market or want to discuss your investment goals further, I’d be happy to share what I know and help guide you through the process.Feel free to reach out if you have any specific questions or would like to set up a time to chat.Best regards,Ryan Cheek

There typically isn't a need to sign new leases or do any formal transfers.

But I haven’t identified the properties yet, which lenders usually want to see through a formal application.