And last, you won't be able to co-mingle your personal funds into the property.Happy InvestingDerek Dombeck

I'm looking to get my Independent Broker's license here in Colorado.

Depending on the context of the parties' financial situations and intentions, there may be implications for financing, ownership, accounting, and taxes depending on whether you are co-borrowers or one of you takes out a loan and the other provides down payment or some other financial contribution.

We’ve had to take over a lot of crazy situations since we have so many turn key operators of varying levels of ethics in our market.

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

Two together make about $4000 and the third is job searching and her parents are willing to co-sign. 

Though I have no interest in the transactional job of real estate, these sort of things (doing management, easy access to properties on the market) make getting my license more and more attractive on a practical level.

#denver #colorado

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

I'm wondering if anyone can give a high level description of steps to take for renovating a house.