Erin Onsager
profit sharing in partnerships
5 March 2021 | 5 replies
Previously, I formed a partnership on a property with my cousin - it was my first partnership and I was trying to get her into real estate and take her under my wing, so we did a 95%/5% split and did everything pro-rata.
Ariel Drilon
Any advice using a FHA 203(k) loan or conventional rehab loan?
4 March 2021 | 4 replies
They also help you create a scope of work, that you can then give out to contractors as a baseline for their RFP (bid/estimate)They come and inspect the contractors work periodically through the project at your discretion, check what progress they made, and then release the funds pro rata based on how much they’ve completed.
Jacob Stokes
Realtor says cash offer doesn't matter.
28 January 2021 | 101 replies
I said, "that's right, his attorney left it off, but he stayed 3 weeks after closing and the contract calls for his paying a pro rata share of utilities, and when I took the tank reading when he left, there's only $100 left" So the judge said, "so you owe him $100".
Steven Logue
Using a vacation home more than 10% of time (depreciation)
29 January 2021 | 2 replies
Since we used it above the threshold to be considered an investment property only do we still depreciate it (on a pro-rata basis)?
Matthew Drouin
My second $1 million BRRRR!
3 February 2021 | 31 replies
There is only 3 electric meters for the entire building, so we bill back electric on a square footage pro rata basis.
Karen F.
Just for your reading pleasure... crazy entitled tenant
3 May 2021 | 39 replies
Standard rate would be around $50 - $75, depending on the amount of time and gas it requires from you.this reminds me of the call I got a few years ago from one of my PM's its a very cold winter in Indiana.. tenant calls and just had a baby cant afford heat and rent.. can they just have a rent moratorium for 3 months then pay the balance pro rata for the rest of the lease..Of course i agree right.. well 3 months are up and they moved out LOL..
Jove K.
Guarantor Requirement for Partnership Deal
28 December 2020 | 5 replies
Banks typically want the operators (managers) and enough net worth to cover the loan, which may or may not be the same array of owners (where managers run, but have nominal net worth bringing in members with net worth).UNDER NORMAL CIRCUMSTANCES, profits are distributed pro rata, meaning if you have 10% of the membership interest, you get 10% of the profits.
KENDRA J.
homestead exclusion, recapture rental house
2 January 2021 | 2 replies
The 121 exclusion in your case would only exempt a pro rata share of the time you lived in it verses the time it was rental.- waiting until you “have lower income” won’t help much as your gain gets added to your income to determine which cap gains bracket you’ll be in.
Thomas Kwan
self-directed solo roth conversion
31 March 2021 | 5 replies
Does the pro-rata rule apply to solo 401k?
Ayne C.
Investing in a private fund
23 October 2020 | 4 replies
As an example, the depreciation that is available should be allocated to the investors equally, pro rata on the amount invested.