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10 October 2022 | 5 replies
All adults of legal age for the jurisdiction are named on the Agreement, no exceptions, and all are "joint and severally liable", meaning they are each responsible for 100% of the rent, regardless what happens to any other party to the agreement.
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13 October 2022 | 10 replies
.- Joint application with Co-signer- Male age 25 and female age 24, Co-signer is male’s father age 70- Male and females combined net monthly income is $3311 (4 times the advertised rent of $750); the co-signer brings an additional income of $2469 to the table- The male is just starting a new job with Amazon as a warehouse associate and the female is a custodian at a healthcare facility, with the employer just under a year. - They moved back to Ohio from Florida in fall of 2021 to be closer to the male’s family- Cosigner lives 3 houses down from this property- Credit scores: male and female applicants’ credit scores are terrible, at 499 and 449; co-signer is good at 745- No evictions for anyone, No criminal record for anyone; No pets- Male and female have 1 dependent- Move-in asapWould love to hear opinions about this unique situation!
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25 October 2022 | 8 replies
Rather than diving in on your own, though, start networking with individuals with more experience and do a Joint Venture.
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12 October 2022 | 3 replies
Hey all,
Can someone recommend a proper way to structure a partnership to ensure both ends are meeting their responsibilities?
On my side of the bargain, I will be providing the capital for down payments and renova...
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21 October 2022 | 9 replies
This is a tough one, this is called a joint VA loan and it requires "prior approval" from the VA.
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1 November 2022 | 13 replies
My fee schedule for doing a Joint Venture is this: 1st Project 60% (me)/40% (you)2nd Project 50/503rd Project 40/60Any additional projects 25/75I use my LLC and credit for all projects in which I’m a partner.
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13 October 2022 | 4 replies
Hi John,The common ways of addressing this situation would be with a Joint Venture Agreement or by creating an LLC with a custom created Operating Agreement with your partner.
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18 October 2022 | 4 replies
Take your time, get to genuinely know these folks in your community and continuously nurture your relationships.Hope that was helpful!
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30 October 2022 | 4 replies
If my fiancé and I bought our first property through a joint venture, could we also have a cosigner for this property?
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2 November 2022 | 3 replies
fyi - I live in California and was still able to joint both credit unions.