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28 June 2018 | 2 replies
Can I get input on JV structures when others have been the catalyst for finding and managing deal with other partner being involved in a lessor hands-on role but more on the money side?
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8 May 2018 | 2 replies
But if you're buying a portfolio of SFRs, seller motivation could play a bigger role.
10 August 2017 | 4 replies
Disclosure: I am neither a lawyer nor an accountant - nor do I play either of these roles on TV.
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19 January 2023 | 5 replies
When setting up an operating agreement with a partner, there are several key points that should be included:Distribution of profits and losses: This should include how profits and losses will be shared among the partners, as well as how they will be allocated for expenses such as property management, repairs, and maintenance.Decision-making authority: This should outline who has the authority to make decisions regarding the property, such as whether to buy or sell, and how disputes will be resolved.Capital contributions: This should include how much money each partner is contributing to the partnership and how it will be used.Exit strategy: This should outline how partners can exit the partnership, such as through buyout provisions or the sale of the property.Role and responsibilities: This should outline the specific roles and responsibilities of each partner and how they will be held accountable for their actions.Other factors that many first-time investing partners do not consider include:Liabilities and Indemnification: Outline the specific liabilities and indemnification that each partner will have in case of any legal issues.Tax implications: This should include how taxes will be handled and reported for the partnership and how it will affect each partner's personal taxes.Insurance: This should include what kind of insurance will be in place to protect the partners and the property.Legal and accounting: This should include who will handle the legal and accounting aspects of the partnership, and what the costs will be.Risk management: This should include how the partners will handle and mitigate any potential risks associated with the property.It's important to have a clear, written agreement in place that covers all of these key points and other factors, to avoid any confusion or disputes down the road.
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2 August 2014 | 10 replies
Other risk aspects, such as the proximity of a fire hydrant and the age of the building, also play a role.
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9 January 2020 | 15 replies
Their role is to point you to the right resources and to support you.
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25 January 2023 | 13 replies
I think finding out what you want to do and what role you want to take will help.
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6 October 2021 | 19 replies
If you find "deals" that the buyer themselves can find, you are useless to them.So again, don't be lazy and/or useless.Become the king of your mountain and dominate your space by being awesome... just like me, and maybe (MAYBE) Jay here!
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15 September 2022 | 57 replies
They do not have an active role in the deal at all.
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15 January 2023 | 10 replies
Ask yourself these questions when vetting Vision/Goals MoralsStrengths/Weakness Resources Roles