JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
Matt Radhe
first time flip- what can I expect with hard money lending?
Hey everybody, I'm fairly new to BP and am interested in eventually starting my first flip and sell in the Baltimore area. My cash reserves are somewhat low and so I would like to learn more about the up and downsides...
John Lee
Owning a property with a S-corp.
Hello BP members,A couple of my family members own a commercial property with a S-Corp.I noticed on their tax returns that they do not pay any salaries nor distributions to shareholders.They told me that their family ...
Chukwudi Motanya
Possible to get conventional financing for a newly created LLC?
Hi All,I'm in the process of purchasing a Single Family House with 2 other partners. The 2 other partners would be putting the majority of the capital down and I would be the general manager. If we created an LLC for ...
Mike Wadsley
Is there money to be made in opportunity zones?
The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—meant to spur investment in undercapitalized communities. Any corporation or individual with capital gains can qualify. The program provides...
Account Closed
Personal residence to rental property
Hello! I purchased my personal residence in September 2021. I anticipate to be moving in September 2023 and would like to rent out my personal residence. I have a few other rentals in the area that are owned by LLC's....
Joshua Davies
Legal Entities & Partnerships | HELP!
Hi Everyone,
I am looking for advice regarding my current situation. I am ready to purchase a deal with a partner, however we have hit a bit of a roadblock. I am a current US Resident but my investor partner is still...
Edward Segaar
Private equity lending
Not sure if this is the correct place to post this. I have the opportunity to help a family member be part of a joint venture with them putting the down payment down. They aren’t able to get a mortgage themselves so...
Caleb Heimsoth
Fair Price to Form an LLC?
Hello,I want to form an LLC to hold my properties, and will be doing this in Ohio. I just got a quote from an attorney there for 1000 dollars to form the LLC for my future properties in Ohio as well as the one I'm ab...
Chivas Miho
Promissory Note instead of Partnership LLC?
Hey BP, I know this partnership subject has been discussed thoroughly throughout the years, but hoping to get some advice here. I have a coworker that I've been discussing real estate investments with for the better ...