The goal of posing this question is to minimize any ambiguity around who will be fixing what, as well as any other next steps.

The 1031 it a never-ending cycle until death to get your heirs a step up in the basis and a nontaxable sale.

Here is a pretty good summary of the steps in Texas:https://www.bicanet.com/filing-a-mechanics-lien-in...

That means you would follow the same steps as above to establish the same protection of a LLC for Sibling #1 and yourself - then writing an Operating Agreement that would once again state how you two would want to operate this property now and into the future.

This was like a Real Estate 101 class for me every step of the way.

I just got a property from a Sherriff Sale.What are the next steps in the closing process for one of these?

Hello, I’m new to real estate investing I have been studying on my own for about 3 months now and is looking to take my first steps in the actual field.

Congratulations on taking a very serious step into the Real Estate world.

I hope you guys will guide me to take it step-by-step because even if I have big plans like: - in a few months I want to become a realtor- by the end of the year (2019) I want to have already my first passive income from a rental property The big questions is: I heard something about "Lease Purchasing" without downpayment or any money but in my case it's hard to do that because I'm too young for people to trust that I know what I do and just transfer me their houses.

But you will learn very quickly to give tenants either a sheet with all the “things” to do if say, the bathroom heater goes out, or the ductless heater unit wont turn on, etc etc You will also learn to talk the tenant thru the steps to take for each.