Also, I would use the power of leverage when you can as it is one of the things that makes real estate a great investment vehicle for building wealth.

Hey @Jonathan Darling- like Nick said, you just have to nail your ARV ahead of time.

In my opinion that would be tantamount to putting full new purchase price as the value on a vehicle that is 10 years old and doesn't run.

It would suck for him to get caught up in the middle needing to liquidate all our assets (or enough to pay her out) vs having something agreed upon ahead of time.It's the same reason why we sign business contracts and have business agreements.

Stay tuned and thanks ahead of time!

At 21 your are thinking way ahead of everyone else.

I still attend the meetups to help other new investors get a head start as well as partner with them by providing funding and guidance to get them through what is usually their first deal.  

Their townhome is paid for and with any luck their remaining days will be spent there.My wife really would like to buy the property as an investment vehicle and the ranch townhomes regularly go for around $300/$325k at least.  

Offer to do their grunt work or whatever they need and use this as a vehicle to make extra money, make connections, and learn.Read some books like Rich Dad Poor Dad, Dave Ramsey's Total Money Makeover, and The Millionaire Next Door.

Lets explore what you know about court cases that you found to be interesting or learned, and summarizes the case to put all of us ahead of the game- collectively.