Hello all,I currently am under contract for a property that I plan to do some rehab on that will essentially follow the BRRRR method.

Essentially it breaks down as 3 partners, one provides sweat equity through property acquisition to placing property management, one does financial modeling and analysis, and the third provides capital.

Well, at least that meager return would be essentially tax free with the depreciation writeoff.

Easy to spend $15,000 to $25,000 on legal fees on each side and how the matter will come out is essentially a crap shoot.So, compromise and work something out.

Essentially, the CL pushes a bunch of buttons, which the sponsor monitors checks and then acts.

Another buyer that essentially did the same thing as #1, but after the first extension, he told us about the judgement that he was trying to clear and said he was confident it would be done in the next week and that the loan would be approved.

I don't know your situation, but if you are serious about your financial future you need to set strict budget and eliminate all non-essential expenses.

If I recall correctly, the wife also has to sign a declaration of in dependent counsel - essentially that she has reviewed the matter with an attorney independent of her husband and fully understands her options and the course of action to which she is agreeing.The husband not being allowed on the property sounds like a possible protection order.  

Isn't that essentially his job?  

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