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Greetings!I have a gut feeling my CPA is not handling this situation correctly, but I'd greatly appreciate any feedback. Here's the simplified scenario:Partners A, B, C and D purchase a property for 1.5m in an LLC (Pr...
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Hey Guys,Thought I'd provide a friendly heads up for everyone. The banks are getting realllly competitive with their variable rate offerings right now. If you currently have a variable, it's a super low penalty to swa...
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Investment Info:
Mobile home fix & flip investment.
Purchase price: $78,000
Cash invested: $108,000
Sale price: $196,000
I purchased an old manufactured home on owned land and removed it. The...
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Over the last two to three years I have been flipping houses, and wholesaling real estate. I have done everything from acquiring a property to dispositioning property for wholesale.
I have built relationships with re...
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I am a partner in a JV that purchased an apartment building in a hot market (or is that all of them?) a year ago. Much hard work went into improve the property, replace tenants that couldn't keep up with the rent and ...
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Hello again.My Tenant who is an HVAC installer and Tech called me yesterday and offered me a very good deal on a full central heating and air system and install. My original plan was to have a mini split put in at so...
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Greetings - looking for some guidance on a situation:Currently myself and 2 other business partners own a property in an LLC (33% ownership each).We will be selling the property for roughly $4M, and then dissolving th...
Hi There!I own a commercial building with 1 partner in OR. We are looking to sell, and I am hoping to 1031 my share of the sale but my partner is not. Currently we own the property through a shared, two member LLC.In ...
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Which loan would you recommend I go with based on their figures - Blanket loan covering 8 SFH
Scenario 1.
5 years amortized for 30years - Balloon payment at the end of 5 years (option to pay off or refi.)
Loan Amo...
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Hello BP community,
I'm worried I'm paying way too much for maintenance repairs. I currently own two single family rentals in Arkansas. For maintenance repairs I am using our property management. They charge $75 an h...