Mahesh K.
buyout of property in partnership ... what is my new basis?
Folks,My partner and I bought a house for $150K in CA a several years back. The property is now valued at $300K. My partner wanted to sell the property or have me buy him out for $120K. So far we have about 25K in acc...
Melissa Dorman
Stucturing a joint venture.... the fine print
Hey all, I'm creating a joint venture agreement next year for a buy and hold agreement (an equity partnership and I would manage the units). I want to make sure I have all the clauses and questions answered in the act...
Pradeep Tiwari
What are all stpes to buying, rehabing and rent in Tacoma WA
Finally I am pulling the trigger and have a JV with a member and a home under contract in Tacoma-WA, As I want to understand the process and also avoid silly mistakes. I`ve got lot of questions as 1. I got Inspection ...
Kevin Hutchens
Investor Friendly CPA Recommendations (Massachusetts )
Hi Everyone! I’m looking for suggestions or investor friendly CPA versed in Massachusetts high tax environment. My wife and I now own 4 doors split across 2 states and we’re getting a little overwhelmed with figuring ...
Account Closed
Add Someone to Title without Obtaining a New Loan
Not sure if this is possible: I am looking for ideas on how to legally add someone (or an LLC) to the title of a property without necessarily having to obtain a new loan.
The background: My partner currently owns a p...
Mayer M.
Dealer vs. investor for tax filings?
Hey,
So I flip homes and have rentals. Question is should my tax returns for my LLC file me as a dealer or investor?
Real estate is not my primary source of income and I do not do any of the work myself. I simply fi...
Derrick Johnson
Real Estate Investing in Pittsburgh
I new to Real Estate investing, and I would like to give credit to BP for teaching me all I know. I have recently purchased my first property in Pittsburgh using my VA loan in order to learn the process with little to...
Kevin Vincent
Tips for purchasing investment property as part of a group.
Hi All, I am beginning my investment journey, a few friends and I have created an "investment group" and are looking to purchase rental properties. What would be the best way to go about this? I've read that using an ...
Ben G.
Way to buy out a share of a friend's house, not the whole thing
I have a friend who just got a fantastic deal on a new property. The house she lives in was a good deal too, but she was looking to upsize and the new property bid was accepted at ~66% of what she thinks it will event...
Graham Lawlor
Informal partnership tax filing
My uncle and I bought a building together and after a minor renovation we're flipping it for a decent profitWe're 50/50 partners on the project (we contributed equal shares of the capital/expenses and we'll take an eq...