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.

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.

My guess is that your ARV is inflated and you are to optimistic on repairs as well.

(I believe the 2% comes from the FOMC's long-term inflation target of 2%..)

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.

Who is also trying to sell me 5 of the apartments he owns at an inflated price.

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%).

I guess it's clear from his thoughts that he doesn't think Blackstone and so on are artificially inflating prices, or that the weakening middle class, or middle class debt (student loans, for example), or that our economy 70% based on consumer spending (read: a populace that can afford to buy things) are weakness to cause one to steer clear of long term holding of real estate.

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