AboutJay Denit Expertise I'm a Real Estate Broker/Loan Consultant in the state of Colorado. We have a separate foreclosure investing company, so I'm more than willing to answer any Colorado foreclosure questions for both the home owner and investor. I have sold bank owned homes all across the country for all of the big banks. I'd be happy to answer any questions about buying or selling residential homes and specialize in luxury estates. Furthermore, I have some experience in land acquisition and development and know a touch about water rights. We are a licensed lender in most states, so I can answer general questions about all types of mortgages.
Experience My experience is really anything that has to do with real estate. From buying and selling to investing and foreclosure, I’ve done it all. Being able to handle the acquisition and financing under one roof gives me the intimate knowledge of all facets of property conveyance. My foreclosure/bank owned property (REO) experience gives me the problem solving mindset to always find a solution.
Organizations BARA- Boulder Association of Realtors
NAR- National Association of Realtors
CAR- Colorado Association of Realtors
Education/Credentials Xavier University-- BSBA Finance
Colorado State University-- Professional Certificate in Project Management
Question I want to help my son purchase his home by investing in a single family home that he will occupy with his family. I plan give to him a down payment that will allow him to afford his mortgage payment. What is the best way to structure such an agreements and what benefits will we share? Where and how can I learn more?
Answer Hi Peter,
If you didn't want to be on the title to the home (showing legal ownership), I would put something in writing that if down the road, when they sell you want a share of the equity. If you just wanted your initial investment money back, I would have them sign a simple promissory note saying something to the effect of --- John and Sandy agree to make payments as follows at X percent interest rate for 60 months, or whatever you work out and have that recorded with the county for whatever county the property lies in.
