A couple friends and I are looking at co-buying a residential (non-investment) property in California and we're attempting to engineer a vehicle that would allow us to receive the best mortgage terms possible (a la av...

As for rehab, I've worked with the contractors before and they have never gone above budget BUT it's also in my Joint Venture Agreement that if rehab cost does exceed the budget the lender will cover this which they have SIGNED and agreed to as well.

Angela Russo as noted an SDIRA is different than the loan Servicer.For investing in notes you can be passive by either investing in a fund that allows non accredited individuals or joint venture with someone.

Option # 1 to me seems like the obvious best option, but the other options can also work.Also, here'a key to help your brain while you read through:NT/MJ : refere to individual partiesNT LLC/MJ LLC : refer to individual held LLC'sxxx LLC : refers to jointly held LLC (50/50)Option 1A.)

work up a joint venture or create a new llc for the deal that you both are members of. 

Get a solid joint venture agreement, have the tough conversations if crap hits the fan, and be sure you are on the same page and I think it could be a fantastic experience.

Write up a joint venture or some kind of written agreement that shows your payout 

I would suggest that even if you lived in Chicago.I google mapped the breakfast joint.

Welcome to BP.I'm out here in Seoul, Korea, and I bought my first SFR in 2014 as part of a Joint Venture.

I love the JOINTLY AND SEVERALLY LIABLE INDEMNITY clause, for all of my contracts..At the end of the day, if he doesn’t want to stay, you can’t make him, but you are entitled to the remainder of the lease term rents..