Hey everyone, I’m a younger aspiring real estate investor and I’m trying to learn as much as I can before I’m legally able to start doing deals myself.

List every legal and operational management decision and address each in the agreement..

It wouldn’t be a good idea to move in and immediately raise the rent and remove the tenant’s exclusive access to the garage and backyard—that could create tension or potential legal issues.A better approach would be to move into the upstairs unit and, about 30 days before the tenant’s lease term ends, notify them that you’re open to renewing their lease but under new terms—specifically, that both units will share access to the garage and backyard.Moving into the upstairs unit and renting out the lower unit is a smart strategy overall.

The judge ruled that the heirs had to sell, but that the buyer had to pay current market value, to the tune of $100k over their contract price.So in the end the buyer was able to close (barely) but it cost them far more, both in price and in legal fees than it should have.3.

One of the largest wholesalers in Phoenix says it takes them $2,220 to get a wholesale that closes.

Deals that look solid on paper can fall apart fast if there’s a legal issue, tax lien, or pending foreclosure you didn’t catch.One strategy that’s been working well for me is focusing on distressed and pre-foreclosure properties.

It’s been a great learning experience managing it, and now I’m preparing to do my first flip, God willing, within the next 3–4 months.I have a close friend who’s also an investor in my e-commerce business, and he’s expressed multiple times that he wants to invest in my next real estate project.

The guru was sitting in the audience near her with a legal pad taking furious notes.

Until the claimant is represented by legal counsel.  

Be sure to review your state laws to determine whether entity grouping is permitted—grouping may be allowed, but each LLC would still remain a distinct legal entity.For ownership structure, you may add a partner or operate as a sole proprietor within the LLC framework; however, I do not recommend using an S corporation for real estate properties.