2,407 views
Don Tepper
MVP'08
"Creative solutions for your real estate needs"
- 1,089 Helpful Answers
- 2,389 Answers
- 4 Blog posts
Locations:
Web sites:
Profile Link:
Experience:
Editor for American Physical Therapy Association
March 2001—present
Realtor for Long & Foster Realtors
August 2007—present
... show more
Specialties:
Single-family homes. Investment properties. Helping first-time buyers.
Certifications
& Awards:
& Awards:
APR (accredited in public relations), Public Relations Society of America
Notary (state of Virginia) ... show more
Notary (state of Virginia) ... show more
About:
Don Tepper is a Realtor with Long & Foster. He is also a real estate investor. He is the author of the book "How to Buy a Home With No New Mortgage" and
... show more
Don Tepper answered:
Sure you can do it.
I'm not a lawyer, so this isn't legal advice. For legal advice, contact a lawyer. However . . .
To avoid any "misunderstandings" or issues in the future, it'd be advisable for you to have some sort of paperwork at the inception. Not sure if something along the lines of a rental agreement (making clear that any money paid is for rent) or something specifically stating that your partner is not acquiring an equitable interest in the property . . . almost like a pre-nup . . . is preferable.
Check with a lawyer to see what the best document would be. Other than that, though, what you're trying to do is not only possible but advisable.
Hope that helps.
I'm not a lawyer, so this isn't legal advice. For legal advice, contact a lawyer. However . . .
To avoid any "misunderstandings" or issues in the future, it'd be advisable for you to have some sort of paperwork at the inception. Not sure if something along the lines of a rental agreement (making clear that any money paid is for rent) or something specifically stating that your partner is not acquiring an equitable interest in the property . . . almost like a pre-nup . . . is preferable.
Check with a lawyer to see what the best document would be. Other than that, though, what you're trying to do is not only possible but advisable.
Hope that helps.
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact Don Tepper
Don Tepper is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback