This is a prime example of why "stock template" operating agreements are not always the best. They don't always cover every situation and can sometimes lead to confusion. It is best to have specific language on the Operating Agreement that discusses exits, sales, and division of assets. With n...
I co-founded and owned what became the 13th largest Century 21 franchise in the USA. I did the majority of the training. We hired hundreds of new and experienced agents each year maintaining an average active agent count of around 95 in our single office. Here is some of the advice I gave each p...
In my experience, this data has been at no cost. Most property appraiser sites offer sales data as an excel file for download. Each property can be looked at with exterior photos, or base floor plans. It would take quite alot of dara entry to input into a program, the issue would be the accur...
Separate, but related note: "NYC Open Data" is growing every day & provides free data https://opendata.cityofnewyork.us/ For national data check out the parent organization Socrata.com. Great resources for public data records, which are 100% free, contains everything from real estate transaction...
You may want to look at other lenders and options. See if you can find one that will allow you and your friend to set it up the way you described. Another option is to look for private lenders to fund your deals. Hope that helps!