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All Forum Posts by: Steve Martushev

Steve Martushev has started 2 posts and replied 3 times.

Tax, SDIRAs & Cost Segregation

Post: bringing in an investment partner

Steve MartushevPosted
  • Salem, OR
  • Posts 3
  • Votes 0

It sold at 200k

0 Votes
Tax, SDIRAs & Cost Segregation

Post: bringing in an investment partner

Steve MartushevPosted
  • Salem, OR
  • Posts 3
  • Votes 0

Hi, I am wondering if anyone can help me out with how to split our profit on a flip. I'm trying to figure out the most fairest way to conduct this as to keep our business relationship healthy.
  I got a hard money loan for 119k. I put 30k into it. My partner put in an additional 5k and some labor time.  We are in 35k of our personal money. 

0 Votes
Goals, Business Plans & Entities

Post: flipping my first house.

Steve MartushevPosted
  • Salem, OR
  • Posts 3
  • Votes 0

Do I need to get a General Contractor licence To flip houses? Or can I hire out entities legally without one? And what kind of loan would work best?  I have 30k for rehab. 

0 Votes