William Trabold
Structuring a Partnership Deal
Hi! My business partner and I have a joint LLC (shared business bank accounts / credit cards / etc) - pretty standard stuff. We currently own one door (split acquisition and closing costs and contribute equally to man...
Zack Lawhorn
Partnerships and profits
When going in on a deal with a partner that provides all the funding, how would the profit be split?
Rick S.
Do Co-owners Have to Deduct Expenses 50/50?
A partner and I own a rental SFR as Joint Tennants with 50% ownership each. In the past we have split all income and expenses evenly and claimed them 50/50 on each years tax returns. We sold the property in 2017 and s...
Natalie Stanley
Opening a real estate brokerage with a non-broker partner
Hi! I am hoping to see if anyone has advice on opening a brokerage where one owner is the broker and the other owner is an investor. I am a rental property investor and have about 35 properties. I am opening a brokera...
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...
Sky Cornell
What does a proper partnership arrangment look like?
I am a Realtor, Contractor, LTR/STR Investor and Property Manager. I get asked all the time by friends and family to "go in a property together" but I can't seem to find a scenario where that makes sense to me. I kn...
Naz Hossain
2 member LLC confusion in Texas...
Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
Cole A.
Tax Deductions on Joint Tenancy Rental-- Title vs. Mortgage
Rentals that are in my name only, Schedule E deductions are pretty straight forward. Here is a more unclear scenario in a family partnership:Rental property investment loan purchased with the mortgage in fathers name....
Eric Cross
Rental / Asset Split 50/50 60/40, 70/30 80/20??? Atlanta
Need help here before the discussion goes much further with a deal proposal.I have a business partner that has a significant amount of $$$$, We just finished a rehab deal, by the way you can see some of my flips(whol...
Cory Wright
write-offs benefits with a partnerships
I have a partner and we are looking at purchasing our first rental jointly. If the property is in one person's name, how would you split the write-off deduction benefit?