Mel Cosio
Tenancy In Common agreement - can percentage splits be fluid?
TIC agreement question for the experts on this board:A normal TIC agreement would specify the fixed percentages of each partner. For example, if the TIC is buying a 500k house and my company puts in 250k, my percentag...
JR Silva
Investing with parents in Sacramento CA - Tenancy in Common?
Hello BP! This is more than likely a CPA-related question, but I would appreciate any expertise and advice before I reach out to one. I am investing in a small-multi with my parents - mom and dad. The way we are split...
Jonathan Small
How I Structure My Partnerships (Tenants in Common) Agreemenet
I have been investing since 2005. I have been sharing my journey with many of my friends, family, and coworkers. Often people would ask about how to partner on a deal. I originally was not a fan of partnerships bec...
Matt Dunlap
What are the most common questions distressed owners ask?
beyond, "How much will you give me?", what other questions to distressed owners ask?do they ask:what company do you represent?What will you do with my property?thanks in advance!
Fabian Peraza
What's Your Setup for a Common Entry Front Door?
I've had two recent issues with break-ins and attempted break-ins within the last month at my triplex. My initial setup was a deadbolt and handle setup. In the break-in, the deadbolt was left unlocked and a student-te...
Gonzalo Escobar
Condo owner expanded their garden unit into common elements
This is regarding a 13 unit building in Illinois that went condo in 1979. The building has 12 above ground units and a single garden unit. In the 1979 condo declarations the garden unit is listed as a 1 bedroom with a...
Yixue Zhao
Condo has water damage in common area, stay away?
Hello everyone! I plan to put an offer on a condo but just saw some signs of water damage and mold (pictures attached). This happens in the common area (it's a shared laundry room in the basement), and it's NOT connec...
Michael Higdon
House hacking - tenant leaves personal things in common area
Hi BP,I am house hacking and have a tenant that just moved in and he is leaving his personal items in the common areas (clothes, golf equipment, etc). I have asked him to move it into his room but not sure it can all ...
Edward Stephens
Owner Carry - How common is it in today’s Market?
Hi BP! How common is it in today’s market for a seller to carry a 2nd mortgage when selling his apartment building? Is the market too hot for today’s apartment building buyers to reasonably ask a seller to hold.a sec...
Johnson Nguyen
Pipe burst in Common Area of Condo during Renovation
Hi!I'm currently 2 weeks away from finishing renovation and just got a call from my contractor stating that the common area of my unit had a pipe burst that leaked into my unit and ruined the entire flooring! To make...