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What is the industry standard (or your opinion) for profit splitting with a cosigner?
Person A bought a house for $200,000, but needed additional credit to purchase. Person B, cosigned (and was on the deed) for said house. Only Person A lived in and made payments on the house (on time every month so th...
Ella Macrow
Persona finance help (question could be used with so many flairs!
Hi all, new here but hoping to lean on some people for advice please.
I have been saving over the past 18 months and have managed to save £20k. I have some of my furniture on finance, a phone contract but nothing maj...
Xiaoyi Yu
Should I use same person as both realtor and property manager?
Hi Fellow BP members,I have a realtor who helped me on my first Buy & Hold out of state property and I quite like him. He has his own real estate company which also does property management, so I went ahead to use...
Luke H.
How to/ To do/ when adding another person as an occupant
Hello everyone and hope all is well. The tenant that signed the lease has her husband and brother listed as occupants. I did a site inspection and found another person at the house (brother's girlfriend). I explain...
Allison Y.
2nd mortgage bought at auction, 1st mortgage now foreclosing
I'm going to try to make this clear as mud, so bare with me!Person A took out a mortgage (#1) and bought house in 2000. In 2003, Person A took out a second mortgage (#2). In 2014, Person A defaulted on mortgage #2 and...
John Smith
Capital Gains on Multiple interests inherited over a period
I am trying to understand the calculation of Capital Gains on a South Florida property I now solely own. I gained the 100% interest through rights of survivorship from two other joint tenants who have now passed. The ...
Account Closed
Partnerships and IRA's
I saw this question in another post, but no one took the time to answer it, so I thought I'd ask it for myself as I find myself in the same boat. Without any further adieu, here's the question:"I have question regardi...
Nadia P.
Newbie Help Needed - Structuring Agreement on Property
Hi all, I need some help trying to put together an agreement on a property that should've been put in place years ago.A and B are brothers with a fantastic relationship. Person A fronted $15K for the initial down pay...
Robert Sorrels
Taxes and flipping with JV partner
I've acquired my first flip SFR, it is 800 miles away in my hometown... I connected with an old contractor friend who I trust and is very knowledgeable and eager to become a REI... I bought at auction and with some he...
Cris Mullen
Buying with investors, splitting profits
Looking for some input on how to break down the profits. Let me propose a few scenarios: First three buy and hold rentals.1. Person A finds the property and negotiates the deal, manages the property. Puts in 50% of do...