Kory Hannah
Experience with Ironbridge Lending
We're just about to get our second flip finished up and listed in the next week or so. So far, we've basically worked with conventional financing and then personal money along with help from family to do the rehab. ...
Jarett Tigges
Question on Gift Tax
Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...
Huiping S.
Can FL landlord ask for potential's past W2?
We have an applicant who has no issue on background and he is a law school student and is working also. His 90% debit is student loan. The amount is huge! He stated some income but self-employed, court ordered money,...
Account Closed
Tax Question: 2 Partnership returns? Can you split a 1099?
Hey all,Myself and 2 other partners had a great 2015 starting our rental property business! We have 5 properties all purchased in 2015. 4 Condos- 3 purchased in all 3 of our personal names, 1 purchased in a LLC with ...
Tony Otis
Partnership LLC Taxes
If I were to form a multi-member LLC as a partnership, with a 50/50 stake in the LLC, it should be regarded as a pass through entity. Does this mean that buying House A in this LLC is equivalent to buying House B on m...
Himanshu Jain
Creative Financing on Office space
I am talking to a seller that has office space that he owns free and clear. He wants out and is open to creative financing. The office space is around 3500 Sq Ft and his not leased out right now. I am looking for what...
Robert M.
Multi Family Partnership Proposal
I have a handful of potential high income investors who are interested in partnering in Multi Family deals. None of the potential investors have Real Estate experience and I want to put together a proposal to show th...
Charlie Rushton
Holding assets personally or in an LLC
My brother and I are embarking upon a RE business, initially fix n flips to grow the cash base, with the view to buy and hold down the line.He is based in the UK and will be supplying the capital(his) to finance the p...
Richard Nguyen
Bringing on an investor and depreciation question
I turned my brother onto BiggerPockets and he has taken it to heart. He wants to do a 50/50 split on one of my rental properties to test the waters before going on a deal by himself. The lawyer I used to set up my LLC...
Kareena Sharma
Duplex vs RE syndication investment
Would you rather invest in duplex in CA that breaks even or invest in RE syndication for 2 years that offers you expected 18% annually
Example: Duplex in CA costs around $600k, down payment $120k, rent = mortgage pa...