2) If your experienced, how many would consider a 45% split in exchange for $1M+ in JV capital?

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

If you know the area, have thoughts about the market, or are interested in having your lunch paid for in exchange for advice or ideas about the market, financing, strategies, etc. - let's do it.

I also stated that for HER protection (and my own) a contract should probably be executed before the exchange of funds.

I would suggest instead giving them notice to move (tell them you've decided to sell, if you want; in California a landlord does not need to give a tenant any reason for notice but it may convince them a little more strongly).Please don't think that this, my second reply to you on this forum, is meant to scare you; I have been doing this for almost 40 years and certainly don't know it all, but I have dealt with precisely this issue and I see the warning signs.

There are proposals in US Congress to eliminate the IRS Section 1031 Tax Free Exchanges, which have been in the tax cade since 1924.http://www.realtor.org/news-releases/2015/07/nar-survey-finds-like-kind-exchanges-promote-job-economic-growth

A lot of the apartments I am seeing from 2,000 are tax credit projects whereby the developer received credits in exchange for obligatory renting to low income.

I would love to exchange ideas with you.

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In exchange for taking on ALL of the debt (and boy was there a crapton of it), I "got to" keep the house.