Mainly interested in Black Rock neighborhood, sfr that can be rehab/ flip or multifamily to buy & hold.

And how would we handle the tax reporting if we agree to split profit and expense 50/50; do we need to open a joint bank account or can we use either one of our accounts as long as we have a contractual agreement about the profit split?

I am looking at the hard rock deal on realty mogul and my options are Individual ownership, Community Property, Limited Liability Company, Trust, Partnership, or Corporation.

The better way to do this might be to joint venture (JV) with a "boots on the ground" partner in the city you are interested in and split the deals/profits.

Always best to have an attorney to draw up a contract. you both split the cost.Happy Investing

(He is a contractor and currently owns his own business)-Is that even an option when the inheritance is split between numerous family members?

There is no low-hanging fruit, if you want to buy below market and cash flow a California rental you have to be prepared to turn over every rock looking for worms.

If I were the guy next door, I'd fail to respond to the letter, (b but would be happy to split the costs.

Welcome from Round Rock!

I am putting together a deal with my dad where we will split our interests 50/50.