Revocable trusts mean that the owner remains in control of all the assets until death and the trust can be changed if the owner likes.

First, if your family member/investor is in the middle of a 1031 Exchange, then he/she must acquire an interest in real estate (not an interest in an entity such as a partnership) in order to successfully complete his/her 1031 Exchange transaction.Generally, this means that he/she would acquire an undivided interest in the property as a tenant-in-common and you would own the remaining undivided interest in the property as a tenant-in-common.Second, you should also give some thought as to what your exit strategy might be for both of you.

Basically, I have 2 agents filtering REO leads on the local MLS and making low-ball offers on the older listings when prices may be more flexible.

Real estate gives me the ability to have a flexible schedule for family events and the ability to make enough money to provide a great life for my wife, myself and all of our kids.

Whether he claimed ownership or just tenancy he would have been entitled to some rights whether time or compensation, defeating that claim is what needs to happen to remove him and not remain open to another potential suit for circumventing the court system.

DTI is debt to income and the banks want a max 28% front end or a 36% (this can be more flexible) Lets say you make 5k a month before taxes.

Hello BP, I've been in debate (friendly, learning experience type debate) with my partners, and frankly despite all of our number crunching and caffeinated pipe dreams, the fact remains that neither I, nor any of my partners have enough real world experience to settle this...Here is the debate:The goal is to invest around 20k into multiple strategies involving buy and hold cash flowing properties.Yes, I said 20k.

That's about as much as I know about those submarkets.But in my area (Kailua), demand remained high and the prices flatlined (or dropped maybe 5%).

We'll see if it winds down somewhat or remains the colossus that it has been in the past..

I told them if they left by the end of the month, I would give them the remaining month’s deposit to go get a new place, avoid any eviction, and they would have to clean, touch up the paint, and work with me to show the unit before the 1st.I ended up getting lucky here - renting the unit with 1 day turnover at a higher rent than previously, to a better tenant, w/ no out of pocket except my time.