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12 December 2024 | 10 replies
What you might consider is finding a partner that has the development capacity, and figure out an equitable development cost and profit split.
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14 December 2024 | 101 replies
It's too bad his books (and the Advisor Series) are quite good but he partners with dirtbags on the backend.I wish BP had a $2k, 3 day course and mentoring that we could send people to instead.
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10 December 2024 | 26 replies
People selling courses often use newbies as ants so they save time in the case that the ant finds one deal out of 10,000 the course creator can partner with them on.
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10 December 2024 | 11 replies
Wiey Underwood I answered a similar question in the thread link below and listed several of the cost segregation companies that our customers use (not necessarily partners).https://www.biggerpockets.com/forums/51/topics/1163125-mater...
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12 December 2024 | 37 replies
I know this may not seem possible, and probably not the answer you were looking for, but it would be worth partnering with another active investor, bringing in a passive investor(s), or even waiting until you have enough capital to deploy into the right deal.
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9 December 2024 | 2 replies
I wouldnt develop anything but sitting on it could be worth waiting to one day add new units/condos or a larger multifamily partnering with a developer. - half of parcel can also be sold off as only one half has the SFH and ADU on itOwner is quite firm on the price.
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9 December 2024 | 2 replies
Don't bring them as equity partners, as you will have to file a partnership return.
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8 December 2024 | 0 replies
Knowing this information will help you identify the right professionals to bring on board.At minimum, your team team should include:Financial Advisor: to help with investment strategies - portfolio diversification and risk management.Real Estate Agent/Broker: to help with property acquisition and market analysis.Accountant or Tax Advisor: to help manage financial records, tax planning, and optimization.Attorney: to provide legal counsel for contracts, agreements, and investment structures.Mentor or Coach: to offer guidance, insights, and industry knowledge.Networking and Relationship Builder (for everything else you will need): to connect you with potential partners and collaborators.
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16 December 2024 | 35 replies
Lenders will often still want to see a personal balance sheet.The problem with a SMLLC that is disregarded for federal income tax purposes is that you may decide to bring on partners or flip to an S Corp a few years down the road.
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11 December 2024 | 8 replies
The meetups are an excellent place to meet equity partners and private lenders and build relationships with them.