Ryan Faber
Cap Gain on Sale When Home is Partial Rental & Primary Residence
I'm selling my house and want to understand the tax implications on the sale, because I have lived in it as well as rented out a portion of it. I've been studying IRS publication 523 and I would like to get some input...
Alex Aronson
1031 exchange applied to existing property?
Here is a hypothetical question hoping that someone can answer.
Say I have two properties (A and B) with both properties having separate mortgages.
Can I sell property A and use a 1031 exchange to pay down the mortg...
Reece O.
Good Credit and Down Payment but Low Income: What would you do?
Hello,
I would greatly appreciate if any of you can offer suggestions.
If you had:
-700+ FICO
-Up to $7,500 to put down
-Low income (assume no bank will lend due to debt to income)
What would you do? I feel that m...
Ryan Wrabel
Investment LLC Operating Agreement
I work for a family owned building company and have completed a few flips over the past couple years. A few weeks ago, a long-time and highly valued client of ours approached us with the idea of partnering with us in...
Bryan Sullivan
What do you include in a partnership agreement?
I am in the process of forming a LLC with my buddy and we are going to start our rental portfolio. We want to set up a partnership agreement for how money is spent and divided. What are the things that are a MUST when...
Pat Jackson
Tips on Managing a Small Business
As an introduction, I'm not the most organized person. I'm reading "Getting Things Done", and hope to implement that level of organization soon, however it's tough to allocate the proper amount of time.Anyway, I've r...
Matt Gogh
Partnership - Ways to hold title, conventional financing required
Hello BP friends!I am planning to partner with a friend who will provide 20% of money for the downpayment, while I get conventional financing for the 80%. My question is: How do we legally structure the partnership to...
Ryan P.
Using HELOC as cash reserves
Does anyone know if it is generally acceptable to a lending bank to use my (primary residence) HELOC as proof of cash reserves when applying for a rental property buy and hold conventional loan? Or do you need to sho...
Hari Narayanan
Joint Venture Development - Profit Split
Hello fellow members,Is there a general rule of thumb for structuring JV deals? Lets say a land owner wants to enter in to a JV deal with a developer where the land owner only wants to contribute the land as his inves...
Jay Patel
30-99 Unit Multifamily Mastermind
Hey Everyone -I am wondering if anyone has availability in their mastermind for individuals focused around medium sized multifamily investing. Or inversely if there are individuals looking to start a small group willi...