Jess Archives
50/50 Partnership, Deductions, and One Name on Loan
I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...
Dorian Gray
Cash out refinance
I have about 950k in properties. I have about 550k in equity, one property is completely paid off. Recently after some medical issues(I’m all good now) I’ve exhausted all my reserve funds and have 50k in high interest...
Josh King
Best way to use untapped equity in rental properties?
I have 2 rental properties I paid cash for years ago and I have never borrowed against them. They are 2 single family homes worth about 257,000 and 296,000. My personal home loan has a mortgage balance remaining of 15...
Julie Washburn
Issue with CPA understanding Real Estate Professional
I am a Real Estate Professional, but I seem to be having trouble with my CPA understanding how to account for this. 2022 was my first year as a Real Estate Professional. My husband has a W-2 job with a large amount of...
John Lee
22, New to REI and looking to network and ask for advice
Hi all,My name is John and I'm a recent college grad about to start a Masters (SF/San Jose Area home base in California). My education background is in computer science, mathematics and some corporate finance, as well...
Chris Mcdaniel
Lease options in Texas
Hello BP. Ok so I'm getting close on closing a deal on a rental. I've been reading and I'm hearing that in the state of Texas you an only do lease-options for 180 days. Anyone have any insight on this? Also if I can't...
Derick Davis
Looking for MHP Financing for East Texas Deal!
Found a MHP I am interested in purchasing, seller is asking 399K Property has 15 Lots, 12 occupied with 10 tenant owned homes and 2 park owned homes, I have the 20% down but am having a hard time finding lenders. My ...
Andrew Harrington
Multi Family Portfolio Purchase Opportunity
Hello all, I am a recent addition to the BP community. We have just started our first couple (2) projects, all BRRRR's on duplex. However, an opportunity has come up in a neighboring community where an investment co...
Kurt Woolley
Newbie from Charlotte/Huntersville, NC
I wanted to introduce myself to the Bigger Pockets community. I am married with five kids and have lived in NC for 8.5 years. I work at Wells Fargo in a real estate investment banking role syndicating real estate debt...
Victor Mammarella
Seller finance information sheet
Hey, BP friends many sellers and agents don't understand seller finance and have a lot of questions. I made a Q&A to attach to all my offers to help explain the process and make it less confusing. Let me know wh...