Levy/Thompson on the LJ Project

Published 5 months ago

Summary of financing the LJ Project via 1031 proceeds operating as down payment and owning rentals together.

1. Steve is on the Deed and not on the loan

2. Deed of Trust and Promissory Notes are recorded against every property

3. Jeannette is in charge of managing everything

4. Steve gets a wire of $5500/month