Clay Hartwig
If a condo president gets sued by tenants or neighbors. Risk?
Quick examples are. He puts up a fence around the water front so people won't go near his boat then calls it a construction area to keep people from jumping the fence. Cuts down trees not on our land. Routinely breaks...
Eric Smith
SELLING TO TENANTS
Hi everybody! I have some tenants that want to buy the house they are renting. I bought the house with a line of credit and recently financed the house for the full amount of $37000 after making repairs at 5.5% making...
Daniel Karbownik
Subdividing Deal - How to structure this?
So I have been presented with an interesting situation. In my local neighborhood, there was a zoning change back in 1981 that said any new lots, or lots that exchange hands, can not be subdivided. Most lots are 100x...
Vince Cochran
Suffering from self-diagnosed Over-analysis-Paralysis! What to do?
Recently moved to IL and have not been able to get out of this rut. I look at property often but have not been able to pull the trigger on any. If anyone out there has any suggestions or maybe even a size 10 or smalle...
David Stone
Getting paid a month stipend in a 50/50 flip partnership
I am about to begin a partnership with an investor on a flip here in Oregon. The property will be bought for about 400k and needs about 100k in Reno. After repairs it should sell for anywhere between 700k - 800k.I am ...
Nathan Harden
Asking for Private money
When asking a private money lender for funding, do you suggest amortizing it over only the course of the loan or do you try and structure the contract so that it has a 1 year balloon with a longer amortization period?...
Elizabeth Beard
Owner wants to wait to move
I have two situations where I’m trying to get the agreement signed, and in both cases they want me to allow them to stay for a short period of time after close until they find another house. They want to use the money...
Jon Passow
Help Needed Reviewing Early Draft of My Business Plan
I've been researching REI hard core since November (it's become a full time job basically) and I've put together a very early draft of my business plan. I would love people's thoughts on the feasibility of my plan or ...
Louis Sulek
as the passive JV partner - getting cold feet, please help!
Hello everyone,I'll try to be brief! - I met a lady online who was looking for an equity partner in an AirBnB condo. She does all the management etc, I go on title of mortgage and do all the financing, and we split ca...
Denis L'Huillier
JV Agreement 3 party - First time questions
HelloI'm considering an opportunity to work with 2 other partners to buy a knockdown and build a vacation home to flip.The 2 other partners would do the labor. One is a reputable home builder in the area and the othe...