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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 22 Mar 2005 14:38:53 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: investing together with parents
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Text of the message: |
In article <1111514936.512178.176500@l41g2000cwc.googlegroups.com>, "Bucky" <uw_badgers@email.com> wrote: > Let's say you already own a rental property, and you want to let your > parents in on the action. You have $50K equity, and your parents are > going to write you a check for $50K (to be applied to operating > expenses, pay down additional principal). Then you will split the net > profit 50/50. There are two ways to do this. You can do it all above the board and legal. In that case, see a real estate attorney to draw up the deal and handle the closing. Or you can do it all under the table. In that case, you can get by with it today, but a some point in the future, you will end up with a huge expensive mess. It is also a mess to own property with someone else. How about you help your parents to find their own deal, and let them invest the $50k in their own property. If you |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.