We are obviously planning to have an attorney draft our next lease so make sure it checks all the boxes but their lease doesn't end till May 2025.

It would be a lien placed on the entirety of the property that is deeded in both your names (or in your entity, if you closed in the name of an LLC).If you plan to take full control of the property, you could refinance in your name/entity alone with a cash-out and pay your partner off with their equity share.

To minimize this tax burden, consider the following strategies:1.

@Kevin Omoaka,HiI sent you a private message for the discount code.

After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.

How should I proceed if the terms will remain the same?

The diagram below shows the required income characteristics and what they are dependent upon.

Recently upgraded to pro account and tried using the "find deal" tool.

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

We paid $232,447.36 out to 36+ different trades & vendors for this home.This $232K creates jobs and promotes growth because it is spent and recycled in the economy, creating a ripple effect.Congratulations to the Greatleaf Homes Team for another new construction home closing today!