I have a friend who has inherited a house from her deceased mother that needs a lot of work. My friend wants to renovate the house to sell but doesn't have the money to do so. My friend has asked me to partner up with...

Hi  everyone First time using the BP calc , so perhaps I am just not understanding BP method or I am miscalucating however ,, I input a home's data points with all associated costs and the complete  loan amounts, points, fees etc.When the results came back , The ROI was based on the total project costs.. i.e.  

For this reason same configuration units in multi buildings rent for much less than small detached houses of which there are many.1-4 unit properties are valued using the comparison method. 

This method allows you to reach out to the BP colleague and ask who they interviewed with, who they decided to go with and if they like working with their CPA/Attorney.

I know the recommended ownership structure is LLC,  but am curious if anyone is owning rental properties in C corp and the reasons for doing that.ThanksMJ

I understand there may be different ways to pay yourself through this depending on how you've structured your business.

I gave my contractor a deposit in December and final payment in January for a large structural repair job on a property that is partially personal (I live in one room) and partially business (my LLC) as a vacation rental.Now I need to send him a 1099 and send the IRS a 1096 (late on both of these, I recently found out), and figure out which tax year to apply the payments. 

Carlos, if you don’t mind asking how do you structure your current business model and what are your plans if you do go the syndicated route?

Dicey only because the fee structure will be painful.

The costs to hire a structural engineer and then remediate the problem was far greater than I was willing to spend for a buy and hold.