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3 August 2019 | 7 replies
you could do a lease option, or a delayed settlement with right of possession you could give the seller a skinning contract subject n an auction, you keep the overage juicemaybe offer to buy the mortgage at a discountyou could do a management agreement with purchase optiona simple "wrap mortgage" would workpossible create an LLC for seller with one asset, buy the LLCif you take property "subject to", make sure you have the deed signed and held in escrowhave a management agreement signed, so the lender can be notified to communicate with you in all matters related to the property and mortgage - this will help to prevent due on sale clausehave a written "meeting of the minds statement between all parties to the transactionmake full disclosuremake sure your assignment clause is in orderget a title searchvideo property before possessionmake all mortgage payment on timeif there is some equity you could put together a partnership to rise some cashcanvas all other owners on the street for more deals, record the deed and get a new mortgage (but always ask first for a pay-off discount before closinggood luck
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26 June 2019 | 0 replies
Hi,I bought my first rental property along with my partner. Currently, the deal is 50-50. My partner is doing the loan and i will pay him 50% on all the expenses. Once we rent that, Its going to be 50-50 on the profi...
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4 July 2019 | 11 replies
If a deal is GREAT then I should not have problems finding a lender or the funds through a partnership.
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28 June 2019 | 1 reply
Purchase price: $1,500,000 Cash invested: $10,000 Sale price: $1,500,000 Set up a short term business partnership LLC agreement with owner to for purpose of obtaining a bridge loan with a non bank lender and to be added to title for seasoning.
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28 June 2019 | 1 reply
Hello all,So, my friends and I all want to get started into real estate investing so we figured we would all do it together. We are all newly out of college and have barely any money so we are going to wait until Sept...
27 June 2019 | 5 replies
I would definitely look for a equity partnership.
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1 July 2019 | 1 reply
Finally under contract on 1st property! It's a BRRRR, paying $40k cash, needs ~$7k of reno, ARV should be $55-$60k and rent for ~ $800-$900. I am providing all the cash, analysis, and keeping future books/managing cas...
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8 July 2019 | 2 replies
An LLC gives you flexibility in how the entity is taxed (corporate, partnership, or sole proprietor).
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8 July 2019 | 27 replies
I found an excellent post on partnerships and trusts.
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4 July 2019 | 4 replies
The CPA will address all the tax aspects - like whether to file as an s-corp, c-corp, disregarded, or partnership.