Brenda B.
Does my silent partners needs to be in my LLC
Hello everyone! I have a silent partnership agreement with a friend in where we established the I will be the managing partner and he will be the silent partner. Me as the Managing Partner shall have full and sole aut...
Kristen Chapin
1099/LLC/SCorp- Tax Advantages
I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story. I work as a licensed 1099 contractor in real estate. You can pre...
Zoltan Fagyal
Using Solo 401k as a private lender
I've been reading a lot about Solo 401K here on BP and elsewhere and I see a lot of posts but I couldn't really find specific info on using Solo 401K to fund a flip.A little background info. For about 2 years now I ha...
Bob Mastroianni
Self Directed IRA Questions
I have a few questions about Self Directed IRA's and was hoping that some of the BP community could help me out a bit. 1) Question's for ME: So, I am in the process of becoming fully self-employed. I currently have 2 ...
Christopher S.
Purchasing property with friends for personal use and rental
Hi everyone,First time poster here. I work as an attorney (in a field unrelated to real estate, unfortunately) and plan to purchase property in the coming months with two long-time friends, one who manages his parents...
John James
I found the deal, presented it to a partner...now what?
I am new to multi family but not real estate.I know a person that wants to sell their 10 unit apartment building. Great location, great price, good condition. Anyways, I do not have enough money for a 20% downpayment ...
Isaac W.
Worth it to hire a CPA for a side gig that only brings in <7,000K?
Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
Justin H.
Best way to structure
I apologize in advance for this being a long post. In short, I just bought my first property a couple months ago and am trying to figure out the optimal way to structure it as well as future rental properties with...
Bryan Hancock
Recognition Of Partnership Values On PFS
I was wondering what method folks use to value their in-process partnerships on deals they're working on when they submit their PFS to lenders. Things have become quite complicated to account for lately with all o...
Mohamed Nagoor
Capital Gains question
I'm trying to better understand how CG works.example:I lend 100K to my LLC. Purchase a home via the LLC for 70K. 30K expenses ( includes rehab, travel, realtor expenses etc). I sell the home for 140K. Payback 105K to ...