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4 May 2018 | 19 replies
So, if your Self Directed IRA is 75% partner with another entity, then it must collect 75% of the profit (rental income, sold gains, etc), it must also contribute 75% of the expenses (rehab, insurance, taxes, etc).I am not sure about loaning to a partner.
5 April 2018 | 1 reply
She wants to know how the transition of the title or deed works.
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10 May 2018 | 5 replies
If you or anyone you know does this please let me know as I'm willing to share profit in return for on-site experience, etc.
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14 April 2018 | 2 replies
I don’t want to do a undoable deal but I will pursue no matter how little the profit if there is to made depending on the reverse mortgage
6 April 2021 | 8 replies
He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.
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11 April 2018 | 3 replies
I have a two year plan to get my real estate license, and in turn utilize my profits to invest in rental properties.
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7 April 2018 | 5 replies
This was more of a purchase for us to live in and try to make a profit when we sell in a few years.
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10 April 2018 | 11 replies
I would suggest looking at:The Best Types of Markets for Profitable Turnkey PropertiesandWhat to Ask When Working With a Turnkey Provider
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10 April 2018 | 8 replies
Historically speaking that is difficult zip code to leave with a profit.2) Who will be managing the properties?
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12 April 2018 | 1 reply
If you wish to move your property over to a new company, we will make sure it is a smooth transition.