I have had multiple properties that would’ve worked for Pad split.

I do flips and multifamily investing in Columbus and LA.So, here’s something I didn’t know going into my last flip: if you’re dealing with a split-level, appraisers can decide that anything below grade doesn’t count toward the square footage.

Do a side letter with Phase 1 investors to give them an extra X% pref and/or split.5.  

They may want you to put some kind of disclosure in the offer about buying under market value for the intent of making massive profits or something like that.You'll also want to know what kind of split your broker expects from you if any. 

The LLC will file a partnership tax return (Form 1065) and issue K-1s to each partner, with income split 50/50 and reported individually.

Buy them lunch, ask them all of the questions and offer to work for them for free- solve their problems without asking for anything in return.

Thank you Lauren,  Yes, Pad split is already in this market so I think Im good.   

Purchase price: $184,000 Cash invested: $92,000 This is an international investment in Split, Croatia NOT Santa Barbara, California.

I currently split my time between the UK and Costa Rica, so I’m fully remote in this business.I’d love to hear from experienced co-hosts—how did you find your first properties?

I just purchased my first duplex (only SFHs in my portfolio so far) and it doesn't have the gas/water split.