Hello! I've been reading BP for awhile now, but have not posted yet. My spouse and I are under contract on what will be our first investment property, a small single family home in small town in south central Missouri...
I am looking to start my business venture in NY in the next few months. I've been researching endlessly, but there is one question I can not seem to find an answer to. How do I properly structure my company if I am th...
Plan is to BRRRR and Flip, question is how so set up the structure with a "silent partner", AKA relative that has a little money they want to invest and help with work when they can but doesn't want any real stress or...
When creating an LLC for your real estate business (i.e. Company ABC LLC) should you have a separate LLC's for each asset you acquire or does the umbrella business, Company ABC LLC cover all the assets you own? What i...
Hello BP! Two questions: can you 1031 a house that you have flipped into your next flip?and also what business structure is best for someone who plans to do a few flips to build capital for B/H MFR properties?I know L...
How do investors (investment groups) that own several parks structure their business? I gather it makes sense to have one LLC for each MHP. Do these investors operate the various LLCs under an "umbrella" LLC or some...
Hi everyone,Can anyone share their experience using the section 179 deductions with a flipping business? If you were to flip a house in an LLC as a sole proprietor, turn a profit, and had purchased a vehicle in the LL...
Hi there BP community,This question is for my fellow Canadian Investors. I was just curious how other people have went about structuring their Real Estate Investing companies. My fiance and I meet with our accountant ...
Hi everyone.I have come to an agreement with someone who is very enthusiastic about being a 50/50 silent partner who funds 100% of my flips and holds. Before we move on to our first deal together (he is eager to start...
Happy 1st of the month! Fresh start, fresh opportunities.—I am wanting to bring in a partner into my wholesaling business but am unsure as to how those things typically go compensated. Do most people pay by commisions...