I know I need to assemble a team, I know I need to understand markets and analyze a ton of deals, and I know I need to coordinate it all for execution with the right timing.

Here’s a method of transferring ow worship that worked for me.

So in reality, I've made $142...luckily I have extra cash and was able to make those LOC payments without taking the Prosper money...but I cannot imagine going into my account and transferring the money out of Prosper to my bank every day over a 2-4 week span...unless you "skip" the initial month and let the cash build up...the point...it's tedious as F*&K to manage.

This is another reason why I see 1M posts on hear about people wanting to transfer properties to their LLC because some guru they paid $5k told them too.

Closing costs, including recording fees, transfer taxes and HOA transfer fees, if any5. 

According to the City of Chicago tax code, it costs $5.25 per $500 of the transfer price.

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc. 

The stock market is a mechanism of transferring wealth from the ignorant too the informed, and that is it.

The happiest day of my investing career was when I transferred ownership to all those houses in one transaction and to never ever go there again with that asset class.But thats me.. section 8 can work but its not as passive as folks claim.

@Daniel Johnson Hi Daniel, I just moved from Ontario to Nova Scotia and transferred my real estate license to NS, my wife and I are investing in Nova Scotia, and would love to help you out with your short term waterfront rental project, you can message me anytime.