Andrew C.
What are the rules around self-managing?
Here in WI, as in most US states, you need a broker's license in order to manage other people's properties. But you can, ofc, manage your own.What does 'your own' mean when there are entities involved?What does 'manag...
Paul Lee
Haven't owned investment for 366 days and prospective tenant wants an option to buy
HELP all advance 1031 professionals and CPAs. I have two CPA's with 2 opinions and now I want the communities opinion. So I listed an AZ property I bought as a 1031 replacement and closed on 6-30-22 for rent @ $6000 f...
Marcel Itzik
investment structure and management company tax
I have 3 properties with my family in Brooklyn.In one building we have 2 apartments, we live in them. In the other 2 properties we have 6 apartments in total. All three properties were bought on my uncle's name, as he...
Beka Shea
Rental to Flip Deal Advice
Here's the situation:Friend's dad, nearing retirement, owns the property next door to his house as a rental. He is losing money on it each year and owes back taxes. Current mortgage is $88k, $1280 PITI/month. 1 ten...
Jordan Santiago
Refinancing During Apartment Syndication
Hey BP,So for anyone that has successfully syndicated large multi family, does anyone refinance, get their investors capital back, and then change the equity ownership percentages? Say it was originally 30% GP, 70% LP...
Sandy Sciales
Fractional Ownership or Airbnb? Which would you recommend?
So we originally planned to move into the home then decided to keep our daughter in her current school. We have renovated this beautiful 4 bed, 3 bath Pool home on Amelia Island, it's a bike ride away to the beach, 7 ...
Jordan Burnett
Multifamily Syndication Refinance Implications for LP Investor
Hey guys,I'm looking for some guidance on how to know what the implications of a refinance are for a Limited Partner in a multifamily (or other) syndication offering. If it's not explicitly stated in the PPM, is the e...
Quincy Mingo
Purchase 3-unit from Business Partner (Buyout and Capital Gains Tax Liability)
I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
David Kimball
Credit/income partner on LLC
If I get a conventional or portfolio loan as an LLC with a credit/income partner, will my credit/income definitely have an affect on the eligibility? I'm guessing yes unfortunately.
Is there a way to NOT be on the LL...
Diana Acorn
Will for funds while seasoning
HI there everyone,My brother is "gifting" me $100k for a down payment to purchase a property where we will share ownership. (I'm applying for the loan without him). He wants me to create a will that ensures that if so...