I still have to pay, but it allows me to sign up other people for the service.For drawing up Lease Options, Notes, Closing transactions, etc...I go to another attorney.

For fear of sounding foolish in front of a lender, I thought I would ask BP first.Is there an allotted time after refinancing or drawing equity from your primary residence before being able to rent that property out concurrently with purchasing a new primary?

If they are then formation of interest and how property is held plays a key role for the partner on acquisition and disposition down the road when they want to get out of it into something else.The attorney generally draws up the operating agreement that spells out exits later on for the partners.What the lender will expect varies based on deal size.

I once paid a plumber his last draw before he finished the job.

Repair draws: 70% c.

Make sure that you get a lawyer to draw up an agreement and lock up the deeds.You don't want to put all the effort in and then have him change his mind and sell it out from under you or a family member just jump in and take over.

Possibly money advanced for the first draw depending on how your construction agreements are set upGenerally you'll need to budget preferred equity for 80% LTC plus some working capital and interest carry.If you give some actual numbers it may be easier for folks to help out.

@Michael WrightI would recommend an attorney draw up the papers.

Under the terms of the senior preferred stock purchase agreement, dividend payments cannot be used to offset prior Treasury draws, and we are not permitted to pay down draws we have made under the agreement except in limited circumstances.

Therefore, if it were me, I would draw up a new lease and require every person sign the lease and contribute to the security deposit.