Things like we're all loans satisfied or released, was federal and state estate / inheritance tax paid, as well as the stuff that gets checked when a seller isn't deceased.

Revocable trusts mean that the owner remains in control of all the assets until death and the trust can be changed if the owner likes.

First, if your family member/investor is in the middle of a 1031 Exchange, then he/she must acquire an interest in real estate (not an interest in an entity such as a partnership) in order to successfully complete his/her 1031 Exchange transaction.Generally, this means that he/she would acquire an undivided interest in the property as a tenant-in-common and you would own the remaining undivided interest in the property as a tenant-in-common.Second, you should also give some thought as to what your exit strategy might be for both of you.

My name is Cristian and I live in Montreal, Canada where we currently have awesome -20C weather (I think that's like -4F)So a little about me - I started being interested in real estate investing after reading the Rich Dad, Poor Dad book which resulted in me going to one of their free seminars that resulted in going to the paid 3 day weekend that then resulted in taking their advanced training which I recently got refunded because I wasn't satisfied at allI then learned about a new program with ************* which I am currently following and seems ok for nowMy main issue is that I am full of a lot of book knowledge but close to zero real world experience short of calling a few agents, home owners and so on.I was let go from my job on October 10th because of budget cuts and have decided to go full time investor since thenI am ready to do whatever it takes to make this work because my mindset is already changed and going back to a job is now my ultimate last resort that barely has a shred of interest tied to itMy immediate goal is to buy myself more time - I am ultimately looking to replace my ex job income by the end of 2014 and then some - but for now I'm simply looking to close a few deals to buy more time financially speakingThat's it for me for now - hope to get a chance to speak to a lot of you and soak up all the information that I can while building some great relationships along the way :DCheers

Whether he claimed ownership or just tenancy he would have been entitled to some rights whether time or compensation, defeating that claim is what needs to happen to remove him and not remain open to another potential suit for circumventing the court system.

Hello BP, I've been in debate (friendly, learning experience type debate) with my partners, and frankly despite all of our number crunching and caffeinated pipe dreams, the fact remains that neither I, nor any of my partners have enough real world experience to settle this...Here is the debate:The goal is to invest around 20k into multiple strategies involving buy and hold cash flowing properties.Yes, I said 20k.

That's about as much as I know about those submarkets.But in my area (Kailua), demand remained high and the prices flatlined (or dropped maybe 5%).

We'll see if it winds down somewhat or remains the colossus that it has been in the past..

I told them if they left by the end of the month, I would give them the remaining month’s deposit to go get a new place, avoid any eviction, and they would have to clean, touch up the paint, and work with me to show the unit before the 1st.I ended up getting lucky here - renting the unit with 1 day turnover at a higher rent than previously, to a better tenant, w/ no out of pocket except my time.

Is the partner going to get any sort of preferred return on his capital while it remains tied up in this deal?