If the Purchaser defaults at closing, the Deposit will be retained by the Vendor as it’s sole remedy.6.

Most underwriters are going to assume they have kept you on for a period of time and this new position is likely to end at some point in the next few years if not sooner as the company no longer needs to retain you for the transition.

Purchaser will retain $700.00 security deposit to be returned to tenants after completion of lease.This is my first purchase with a tenant in place.

Thus, this is a way to still retain a cash-flowing property without completely giving it away.

Maybe retain your tenants longer as a results.

For $10,000, Bob offers Joe and Mike, respectively, 10% stake in ABC, LLC in return for a proportionate share of the rental income and appreciation.Joe and Mike have the potential to earn a respectable return on their investment without the headaches of solely owning or managing rental properties and Bob has recouped his initial investment while retaining 80% stake in the property.This seems like a reasonable model but I have not found much information out there about similar ventures and I am sure there are a number of issues I am overlooking, i.e. securities laws, accounting complexities, etc.Any help or guidance would be greatly appreciated.

Hurd has spent over $50,000 in legal fees trying to retain the property.

He retains the authority to do anything he wishes as named on the lease but was not required to sign it as it only requires one signiture, I suppose I could even have someone I designate sign the lease on my behalf and still have it be binding.

I would ask my advisors if there is a way to transfer the property to a Roth IRA as a capital contribution, then have the Roth sell the property and retain the profit without a tax consequence.

The property actually is awaiting the closing of a two-year lease with first year at $825 and the second year at $850 with a $1050 deposit retained by the owner if and when the tenant moves out.Rent $825Costs $546Monthly cash flow is $276.