Catherine Ashley
entity for flipping house, next two years hold retal propoty
which type entity for flipping house, next two years hold rental property should we form? my husband has a property maintenance (DVA), should we open another one for the flipping house? LLC?S? C?which one will be easy...
Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Steven Whalen
Questions to ask accountant for establishing LLC partnership
My business partner and I have an initial meet and greet with an accountant to discuss setting up the business. We just established an LLC and want to discuss tax parameters, financials, cash flow, etc.. We are a yea...
Nick Walters
Do I need and attorney, REI specialized CPA, or both?
Hi there! My father and I just purchased our first house, all cash deal. We are looking to flip the house for profit. We did use the 70% rule, and it passed by a good margin. Now, we are wanting to know if we should e...
Gregory Caccioppoli
HELP: How Do I Utilize BRRRR and Private OPM to Accomplish This?
Hello all RE Vets/Professionals/Mentors/People with knowledge willing to help,From my description you know the general issue I am having. I have access to funding through established relationships via performing const...
Ben Wagner
Entity structure for scaling rentals and flips
I'm curious how some of you structure your businesses. We're looking to create an entity structure that will support owning 100+ rentals and doing 30+ flips/yr with a handful of staff members.Right now we're thinking ...
Hal Truitt
SElf directed IRA for alternative investing
Can anyone give me a good company for Self Directed IRAs for alternative investments. Ease of use/ online and easy to understand are perks to me. Litigation, short term notes, etc.
Jerome Nunez
Business Structure (LLC or Holdco)
Hi BP Community - I'm kicking off the home buying process and wanted to get thoughts on the best legal structure for both real estate and small business (e.g., laundry mat, self-storage, car wash) investment.
Jacob Sharp
minimum equity requirements on a 1031 exchange
Hello BPers!I have a deal I am attempting to structure and I would like to be able to provide some guidance to the other party in order to make the transition easier for him. He is a family friend and this is the fir...
Jerome Jewell
older brother has credit and I have cash!!!!
how can we structure a good deal as partners . looking to get fha loan on multi family in jersey. any advice would be very helpful .