Master bedroom had a low points ranging from -0.7" to -3.5""The house has experienced settling of the foundation""It is my opinion that the foundation remains structurally sound and re-leveling is not required at this time.During our inspection of the home we came across the following:Noticeable sloping when walking around.Buckling hardwood floors in the master bedroomCracked and delaminated tile in the master bathroomCracked bricks and mortar joints on the exteriorHome inspector said there is definitely evidence of foundation movementPermapier came out to provide a free estimate and evaluation and suggested multiple piers along master bedroom as well as some other areas of the home. 

Splitting the cost 50/50 and the profits.Question:How would you guys structure this partnership before moving forward on this opportunity? 

I'm not an attorney but my understanding is yes, you can definitely do that, and I believe things like that happen every day.While I can see some possibilities for why someone would want to set things up that way, I do have the instinctual thought that it might be over complicating things.Technically the second LLC is another layer of asset protection, and maybe you have a very specific entity structure setup for taxes which would make it beneficial to do it that way (an LLC inside an LLC), but it's worth asking the question of whether these is much difference, or much more protection, than just having you (presumably a Mass. resident) be the member of the RI partnership LLC straight-out rather than having your MA LLC be the member.Also, depending on what else you have going on in your MA LLC it may be a disadvantage to have it be a member of the RI LLC from an asset protection perspective - if someone were to be able to pierce the veil of the RI LLC then everything in your MA LLC would be at risk.If you do go with the MA LLC as a member of the RI LLC, when you go to sell the property you'll have non-resident withholding - but you'd have that if you personally were the member of the RI LLC as well.You'll also need to be careful how you sign anything relating to the RI LLC - you'd have to be careful not to sign as member of the RI LLC but as member of your MA LLC, member of the RI LLC.

are you attempting to structure as a general partner...take title with a bank loan...pay cash...master lease option....using seller financing?

It's just not how the financial world looks at investments...CAP is a component of "commercial" residential multifamily...5+ units. 1-4 unit properties are often classified as single family (This is how Core Logic classifies 1-4 units)...The properties are valued by comparable sales method.

@Mike Jordan Real Estate has nothing to do with the physical structure or financial returns.

I am willing to do upfront research and number crunching, but would prefer a more structured and steady work rate after closing. 

Hello everyone,I have a few questions regarding the BRRRR strategy since I am in the beginning stages of executing my first purchase using said method.

Hello everyone,I have a few questions regarding the BRRRR strategy since I am in the beginning stages of executing my first purchase using said method.

The deal structure itself really depends on the details in my opinion.