Hello Washington State BP Nation! It has been awhile since I have asked for your advice/help on something. I have been extremely busy on my 1st Flip project which is not the reason I am here today. We just found ou...
I'm thinking of fractional ownership of a cabin in the woods or mountains or on a lake or whatever, shared legally with 3-7 other people. In the Asheville North Carolina area, more or less. I suppose within 25 miles o...
I came across a new idea in the real estate space that’s worth discussing. It’s not about buying whole properties or even shares in a REIT, but instead purchasing rights to the income a property generates.
Here’s how...
Hey everyone! I'm curious to hear from those who have a small real estate portfolio with someone you're not related to? (i.e not a husband/wife team). Wondering how you structured it, and if you have any advice for my...
Hi BP- I currently have a multi-unit in Missouri that was purchased under an LLC. I have a two part question for the attorneys in the room.1) Our lender required that my mother be listed on the LLC Operating Agreement...
my two business partners and I just closed on a duplex. the plan is to house-hack. two of us will be living there as a primary residence but the third person will not be there. however all three of us are on the ti...
Hey all,I was curious about tax implications regarding the condo I live in (primary residence since 2007) that I co-own with my parents (1031 exchange). They had a prior property that they 1031ed into this condo (and ...
If I buy a non-performing note on a vacant property, does that give me ownership of the home?
The home has been vacant since the previous owners filed bankruptcy and the case has been closed since 2008.
Hello, I'm working on raising funds for my first 506(b) syndication. How are loans structured when banks seem to be requiring 51% of ownership to sign for the loan as well as any individual who owns more than 20%? ...
My partner and I have an S-corp where we are the only employees and have a 60/40 ownership percentage split. I recall being told at some point by an accountant that our salaries needed to match this percentage. For ex...