@MariaTeo with the new changes coming in Aug from the NAR lawsuits you should ask your managing broker how your state is outlining this.

They typically involve two agreements: a lease agreement that outlines the terms of the lease (rent, responsibilities, etc.) and an option agreement that grants the tenant the right (but not the obligation) to purchase the property within a specified period at a predetermined price.Negotiation Power: Lease options can be attractive to tenants who may want to secure a property for their business while potentially benefiting from any appreciation in property value.

That's why we state using our data as an outline to build your own for whatever market you are interested in:)Of course, if you ever decide to invest in Detroit...we should chat.

If you're comfortable meeting in person, I would follow up with an email outlining what was said in person to the tenant with the resolution of the conversation also in the email.

Here’s how you can simplify the process and achieve your goals, while also exploring financing options that could benefit both Cousin A and Cousin B.Tenants in Common Agreement: While Cousin A and Cousin B will technically need to report rental income and expenses according to their ownership shares, a well-structured Tenants in Common (TIC) agreement can outline how they handle income and expenses.

We recommend holding off on the invoice until you receive a terms sheet outlining the loan details and a clear breakdown of the appraisal fee.

@Nam PhamContracts: Have a detailed contract outlining the scope of work, deadlines, payment schedules, and materials to be used.Updates: Establish a schedule for regular updates, such as weekly calls or video conferences, to discuss progress and any issues.Project Management: Utilize project management tools like Trello, Asana, to track progress, manage tasks, and store documents.Documentation: Request regular photo and video updates.

Go to the CSLB website and much is outlined there.1 Lots of businesses including construction companies shoot for 20-25%, the higher the margin with increased volume=$.2 Most B1's that I know started as framers, some in concrete, some from underground construction.

The estoppel certificate outlines any agreements between tenant and landlord.

The issue I’ve found when analyzing LTR properties with BP Rental property and Rent calculator is my cashflow is negative (I’m using calculations based on numbers outlined in the BP Rental property webinar).