All Forum Posts by: Judy South

Wondering if anyone can refer me to a tax professional in the Des Moines area. Thanks.

I've listened to lots of discussions about partnering on deals and am wondering about some specifics. My husband and I have financed all of our deals (3) using our own down payment money but would like to learn more about bringing in a partner. How have you structured partnerships on buy and holds? Or I guess a better question is - is there a common financial arrangement for these types of deals? Flipping seems straightforward, split the down payment, split the profits from the sale and move on, but what do you do for long term investments? Split the down payments then split the monthly profits until you decide to sell? Should the partner be party to the loan documents too? That seems like it'd be complicated when exiting....any thoughts are much appreciated. Thank you!!

Just curious if there is a rule of thumb when it comes to increasing rent. How often do you increase rent, by what percent, and how is the increase communicated to your tenants - meaning do you tell them what the increase is going towards or is that just an expected cost to being a renter? Lots of questions I know :) we're coming up on a one year anniversary for our first rental and would like some thoughts. Thanks!

My husband and I are new to real estate inventing. We have 2 SFHs and are looking at purchasing our 3rd. We're interested in a property but it does not have a garage. Most homes in the neighborhood have at least 1 car garage so when we go to sell we'd want to build one then, however, what are thoughts on putting the investment in now while it's a rental? We are on opposite ends. Thanks for the help!