But define what that is for you, make the tenant stick to a plan, and be ready to pull the trigger if you need to.

@ Kirk - definately an interesting video.

If you sold today, you will have two taxable components.

Some between 10k-20k in my opinion b/c these have been sitting empty for years and thieves have stripped them of any & all components they can re-sell.Ex) Furnace, duct work, copper plumbing, re-shingling roof, floors repaired & refinished, possibly new electrical if the inspectors are watching you closely (which they WILL BE from the website's verbage), mold and/or asbestos remediation, etc., etc.Then throw in the cosmetics.

., pretend you're hiring someone else to do the contracting and figure out an appropriate equity split given that situation), and then separately, decide on how much he's worth to the team as the contractor, and pay him that much for his contract work.I would suggest that for the contract work that you treat him like a contractor from a contractual standpoint -- have contracts in place with a clearly defined scope of work and draw schedule.

After listening to many people online talk about lease option assignments and sandwich lease options, I became excited to explore more in this realm.I understand the key components and I even spoke with a local real estate attorney in order to be prepared for any legal issues (btw, he wants to charge $1200 for some contracts to be drafted), but here's my main hang-up: How can you secure a seller with a contract and get a buyer before you are liable for the lease payment?

Hi Devin, Define what it is you are talking about.

Define what risk level and return they want.

He doesn't define what this means but I think i know what he means by that; guess he only wants to acknowledge that his "progressive" policies are the only mindset we can have in austin.

They may not have any legit basis for their demand other than being able to set some rules.What this is however, if it were a person that could be defined as a lender is a form of red lining setting a class of single family properties in a category and refusing to lend on them.