Hello folks;I have a question regarding a new rental in South Jersey (Burlington).-Lease:  ?  I was considering ezlandlordforms NJ specific lease package. However, the lease doesn't explicitly state spell out terms of...

Your monthly cash flow could disappear quickly if rates go up at all.  

@Rich MahreWelcome to the BP family!

Later, it's sold and I receive 20% of the net profit.This is purely a money deal on my end (no involvement in rehab or rental).Question - If the property sells quickly (say, within 3 months), and since my profit is paid through a security agreement (I never have title to the property), how would this be treated for tax purposes?

@John Thedford Yeah they seem to be coming in quite quickly.

Thank you @Josh Mitchell for quick reply, I'll ask the lender these question.

Rich Dad Poor Dad!

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Once, I even did a quick name check for a new LLC (to get some comfort that it would be approved), then submitted the offer in that LLC's name (which didn't yet exist), and completed the LLC registration in parallel.  

Shoot me a quick email with your criteria.