Tenants should definitely not use common areas to store stuff or use the common area electrical.Document everything via email about notices, and just do everything politely and with respect.

We have a cleaner who does deep cleaning at the end of each month, and another who handles two hours of common area cleaning mid-month.

Although, locking a loan is not that common in private money.Any lender asking for a deposit is trying to scam the client apart from a large commercial loan. 

Hello Everyone,For the topic at hand - I recently learned about Tenants in Common (TICs) as a real estate investment option.

I work with investors who use Tenants in Common (TIC) for income property, and the key is to separate the concept of being on title from how you run the partnership.

I intend to buy an SFR property, and then create an LLC with shared ownership or set up having Tenancy in Common agreements after its bought .Does making an LLC help or having Tenancy in Common agreements make more sense ?

Hi @Patricio Acosta, nice to meet you here on BP..This is a common challenge for active investors bringing in capital without complicating their entity structure.

Has anyone done  a TIC conversion? The opportunity we have is $4Million for a 20 unit apartment building which will be resold as TIC units for approx $$395,000 each. 

Over the years, I’ve seen investors run into the same problems when it comes to financing:

Rushing into deals without clear exit strategies

Underestimating holding costs

Not comparing multiple funding o...

If you're using HELOC funds for a down payment on a new property, underwriters might require you to qualify based on payments for BOTH the new mortgage AND the full HELOC payment, even if you plan to pay off the HELOC soonIn my opinion, neither of these concerns are things that will not be sorted out by the title company and/or the loan originator.Greg, If you read Tony's question he was asking for "Anything" that may not be common to a new investor that could arise or be a pitfall.