Hello BP Members.My very first BP post goes to Atlanta BP members.I’d like to get in touch with local investors and developers that are familiar with Reynoldstown area.There is a residential development opportunity I’m considering and would like to hear your thoughts on that market.Although my own research found good aspects to sustain a move forward decision, there is nothing better than locals’ knowledge.The types of questions I have are:1.How do you perceive Atlanta home ownership rate outlook compared to the US home ownership rate decline trends?

No listing, no ownership, no contract.  

@Lorie MadrugaDay one, week one of ownership sign new leases with tenants. 

Now real property purchased as a primary residence can be treated by that owner as a capital asset subject long term capital gain after 705 days of ownership (or some number close to that).  

However sometimes there are deed restrictions on resale and even a double close will not work.The most common solution is to buy in the name of an LLC and sell the ownership of the LLC.

If you don't want them to be on the loan, but still want to offer them something, then I'd recommend not giving them more than 20% ownership interest, as they will have to personally guaranty on the loan if more than that. 

You don't need a separate account for each of your properties, just based on the ownership.

We are a group of three investors, with an 8 unit multi family we have ownership of and unit we are ready to move on now..

Then place the business cards on cars and around different places in neighborhoods where there's a high percentage of high equity homes with long ownership or where are lots of pre-foreclosures or absentee owners.

has anyone received change of ownership addenda for their recent closing in Sacramento area?