Who has been in this situation?

A good operating agreement will discuss what happens if you both need to contribute more money to the business (what if in 3 years you need a new roof for your investment property, but the LLC does not have enough money in it to cover it); what happens if only one of your is able to contribute money to the LLC for an unexpected situation; what happens if you have a serious disagreement about the direction of your investment (what if one of you wants to sell the rental but the other wants keep it); what happens if one of your expectedly passes and the other is now partnered with the spouse or kids of your friend; etc.I know you would rather save the money (who wouldn't), but it is a deductible business expense and may save you a lot of headaches later.

Work great in situations where you can’t get closed on the replacement property in time as well.

Memphis Investment Properties Turnkey Case StudyDisclaimer: I am an investor/customer of M.I.P, I do not work for them nor being compensated in anyway, just sharing my experiences with other investors.Providers Involved:Norada Real Estate InvestmentsMemphis Investment Properties (M.I.P)Reedy and Company Realtor, LLC – Real Estate Broker and Property Management for M.I.PBemortgage – LenderLipscomb – InsuranceThe Prep: I originally came across M.I.P through Norada (Marco Santarelli, BP contributor and has his own podcast).I was assigned an advisor who gathered my goals and situation and we worked together to identify two markets to look at Memphis TN, and Birmingham, AL.I’m am an out of state investor living in Colorado and have two other properties in Texas (not turnkey) and have been a BP member for some time.I attended an investor Tour in May in Memphis to check out the area.

It seems like this is a multiple offer situation and you coming up to $850k would still keep you in the competition with the other offers.If you still want to keep your offer at 830 remember that would be the final offer you place and there is no going back and revising it.

You will get higher vacancy throughout the year (this situation is more appealing to transients), but you make up for it in the higher room rates.

However, if you are planning to come back the extra cash now will not offset the potential hurdle when you return.I had a similar situation with my employer 2 decades ago. 

Especially when it goes from mis-managed to well-managed or vice versa.If a property is increasing the NOI, the market’s cap rate is fixed and so the property’s value goes up.So in the situation you describe where NOI is effectively zero but could be a lot higher, you have three choices:1.

Once you get to know the seller, then you can get into the numbers and figure out a win/win situation.

I have become a little stagnant in my pursuit of real estate, and im trying to get a better view of my situation I would like to get into a multi family property by the end of the year. i bought my first house in 2015 with an FHA loan, and then I decided I probably needed to do some research to figure out what I had gotten into.so far I am debt free excluding my hpuse but i dont have a career, i am employed but its nothing worth mentioning. i have about 70k of equity in my house and I have about 5k saved up.let me have it. what should I do.