If I am managing funds/project for a friend's profit sharing plan, using those funds to pay Contractors on a rehab project owned by the profit sharing plan, am I legally exposed should something happen on the job-site...
I will try to keep this concise - I own a duplex in North Carolina outright that is currently in an LLC and got married about a year ago. My husband has been having legal issues due to a vindictive ex, and may need to...
Hello,Need help with structuring a partnership and thought I'd finally reach out to the amazing folks at BP for help.I'm looking to partner with a developer who is looking for capital to fund some more projects. His r...
Hi all!I am a real estate agent in Rhode Island but about a year ago an opportunity presented itself to me to take over the property management role for 12 units in two neighboring buildings. It took some slight adjus...
Hello BP world. I am a newer investor. I am very thankful to have found this resource and appreciate any feedback from experienced successful investors. It's hard to believe we have made it as far as we have without i...
My team is working to develop an organizational chart for our multi-family/capital raising businesses. We've got a good start but I'm hoping to leverage what others are using. Anybody willing to share their structure?
As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...
Hi All! I would like some feedback on structuring a deal. Here is the scenario:Purchase Price - $525K Seller pays closing - Total to close is $131,250My Investment is $50K (plus reserves if needed) - I also did ALL li...
Hi All,First month at BP and its been awesome!I am curious to get members opinions on how to split real estate when you have two 'managing partners' (manage all operations of the investment) and 2 or more investors. ...
What is an appropriate compensation/ownership structure of this one? We are preparing to meet with a KKOS attorney to form our Multi-Member LLC comprised of 3 Self Directed IRA Members and a 4th Individual Member.
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