17 April 2020 | 12 replies
I am assuming you have standard language in your lease that states that each tenant is jointly and severally responsible for the lease payments.
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24 July 2023 | 6 replies
that's a tricky one. my first thought would be to partner, open a joint account, deposit ~7k biweekly until there's no more actual cash left, wait 2-3 statement cycles if you're using a commercial lender for PART of the purchase, then get going.
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21 July 2023 | 12 replies
They'll be able to help determine if owning the property as tenants in common, as joint tenancy, or to avoid the situation overall is most appropriate.
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21 July 2023 | 7 replies
I suggest reading this to understand how joint ownership affects you tax wise: https://www.stessa.com/blog/jo...
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26 October 2022 | 2 replies
. - Other GPs: In a joint venture (JV), General Partners must also build a strong team with other GPs.
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4 July 2023 | 6 replies
99% of the time a toilet or sink is clogged we let the tenants know they will be responsible for the bill.The most common repair we find is plumbing issues with leaking pipes, joints, boiler piping etc but thats because we manage a lot of old housing stock (100 years old).
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6 February 2015 | 39 replies
Present that deal to your preferred relation and ask them to finance your deal (jointly sign), share the downpayment.
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21 March 2022 | 32 replies
My multifamily were done the traditional way, making relationships in a local market (Huntsville, AL) and leveraging those relationships to find off market deals, and then joint venturing to close Acquiring and managing those properties has been quite an intensive process, which I couldn’t have done without my partners (one is a commercial lender and the other is a real estate lawyer).
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12 March 2017 | 2 replies
welcome to BP Lisa ask questions, network, inquire about partner or joint ventures this place is awesome @Brandon Turner is the man the site is filled with helpful people
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23 December 2019 | 14 replies
Things are pretty bad if you can’t keep a burger joint in business.