Cris Mullen
Buying with investors, splitting profits
Looking for some input on how to break down the profits. Let me propose a few scenarios: First three buy and hold rentals.1. Person A finds the property and negotiates the deal, manages the property. Puts in 50% of do...
Amy Zhang
How to split profit?
I am planning to invest in a property with 2 other persons. I will bring 42% of capital. Person A will bring 42% of capital and Person B will bring 16% of capital. Person A will also do all labor work i.e buying and r...
Ryan Arthurton
Management Software for multiple ownership groups
Hello Everyone -I am looking for the best solution for management software when you have more than one ownership group. For example -- Deal One is with person A and B and Deal Two is with person A and Z, and so on. ...
Darren Finney
Quitclaim Deed Validity in Indiana
Hello BP! I'm researching some pre-foreclosure properties in central Indiana and found something odd regarding a Quitclaim. Namely, the person who is being foreclosed on gave up ownership of the house several years ...
Joshua Ingram
Once a lease is extended
What are the rules, formalities and curtousies behind this situation? A possible tenant is chosen and the lease is extended (refered to as Person A. You tell them once they sign and submit the security deposit that th...
Arjun K.
How much umbrella insurance to get, when paired with LLC and property-level insurance?
I have 4 questions, dealing with two people, Person "A" and Person "B"
1) How much property-level landlord insurance should one get, assuming: The properties in question are all value of ~$250K average with 20% equi...
Taylor Cameron
Tenants breakup and want to add new person to lease
Hello everyone -Any help with this situation would be appreciated!I have two tenants (person A and person B) who both just signed a new year lease in November. They have decided to separate. Person A wants to move out...
Joe Lewis
Has anyone partnered with others this way
Anyone had any success with a partnership in which person "A" buys a piece of property for potential rental and person "B" pays for renovations. Person A and B would form an agreement in which Person B would get bac...
Jeff Davis
Advice for Investment Property Partnership Structure
Person A + B want to partner on an investment property. Person A will take out the loan in his name, while Person B is not on the loan. However, Person B agrees to manage the property until ~year 3, when person A + ...
Khanh Tran
Special Warranty Deed
Hi,Below is the situation:1) Person A bought the property and use the property to open Home Equity loan.2) Person A died and transfer the property to their family member.3) Their family member then sold the property t...