Account Closed
Logistics of 50/50 Partner LLC
Hey BP Community,Disclaimer: I am not searching for tax/legal advice here, just looking for guidance and looking to learn how others have done this.I am looking to buy and hold on a deal by deal basis with a partner (...
Dominic Wentz
Purchasing multiple homes under one mtg (blanket loan type)
Hello BP Members! I Recently found and purchased a single home (Owner Financed). Once I finished this deal. I went on to my next and found one that interested me. Come to find out the owner of my last investment owns...
Lucas Pfaff
What is STANDARD? Partnership Structure & Agreement for Fix & Flip
I'm trying to source any articles, blog posts, etc that discuss the standard options for the formation of partnerships. While I'm generally familiar with the options, I am trying to share this information with friends...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Wilson Pereira
Revocable Trust Setup
For those of you that setup a revocable living trust with your spouse/partner for your real estate LLCs and other assets such as bank accounts, did you setup a single revocable trust or separate trusts? My attorney ad...
Clark Harbaugh
How to minimize taxes when dissolving partnership
We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the pr...
Andres Osorno
Financing 5 separate condos into one loan
Hi All,I am looking at an opportunity to buy 5 units (condos) all for sale in the same transaction, and am looking what the best form of financing would be. Since they are individual units, I am not sure if they can b...
Joshua Nabours
Wholesaling in Texas
Hi everyone, I'm new to the real estate investing and I'm wanting to better understand the TREC contract that we have here in Austin. I still cannot wrap my mind on how it works and was looking for an example.
Corey Jenrich
Getting started question
Greetings, Getting started and looking to do a 1031 Exchange and purchasing multiple properties. I have been reading that Blanket loans facilitate this process, but in talking with lenders they do not recommend becau...
Dalwin Garcia
Sheriff Sale Property With Illegal Basement Occupancy
BP community! My wife and I are in need of some help/guidance.We recently closed on a duplex through a Sheriff Sale. The 1st and 2nd floor apartments are vacant, but currently there is someone living in the basement. ...