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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 25 May 2005 11:21:16 -0400
/ Author of the message: Randy Day |
Title of the message: |
Re: Two parties investing in multi-property, big question
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Text of the message: |
nym9 wrote: [snip] > Here is my point about that: When parties own a property, they are > entitled to an equal share of the rental income. Therefore, a partner <sigh> Only if there's something in writing saying they're 50-50. If cash flow goes negative, is each responsible for 50% of the shortfall as well? Or, one side may decide they're doing 75% of the work, so they should get 75%. Then it becomes a game of legal 'he says - she says'. You get the wrong judge on the wrong day, he may agree with the other guy... > not agreeing is irrelevant. And if they act on that, and refuse to > share, its probably theft. Yes, it would be theft, *if* the partner could not justify 'retaining' the proceeds. If a partner wanted to screw you, more likely you'd get pennies on the dollar, due to a barrage of 'unforseen expenses', esp. if you're a long-distance partner. That way he could claim he's making |
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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.