Juan Sandoval
Partnership Agreement and 1031 Exchange Sale
I sold a SFH last month and used a 1031. I'm now using those funds to purchase an 8-Plex. I will use my 1031 to fund the deal. My question is, if I bring a partner in (my brother) to split the DP, will this transactio...
Sanjay Gupta
Accounting Question and how to properly record entries
I am using GnuCASH software to record entries and have 2 properties where we are doing rehab. 1 of them were closed and just want to make sure how do I properly record entries. GNUCASH does not have Job Code or Projec...
Jason Foxx
Creative Multifamily Strategies for Other Income
What are some creative ways to get Additional Other Income from a high end multi family building? I may be running an 80+ unit in the near future.Laundry is included in each unit. Ways that we already implement are st...
Mark Minehart
Free Incorporation or LLC!
I came across this special where MyCorporation.com is waiving the $149 filing fee to create a corp or LLC this week only. Very timely for me as I just aquired my second property and want to place it in a new LLC.
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Pat Lulewicz
JV Agreement and Income/Expense Sharing, specifically Depreciation
Before the keyboard warriors jump in, please understand that I am in between Tax Advisors/Preparers so this is as much of a short-term need to get an answer, as well as a prelim interview Q as I source my new Advisor/...
Mark Koontz
Financing Options / Appraisal Issues
I am currently under contract on a fixer-upper Farmette (Maryland). Purchase price is 400k with at least 50k rehab needed. I have 100k liquid to put down. The property needs a new roof, windows, drywall, electrical, b...
Brian Ellis
What’s your off market strategy?
I did the work in order to get enough capital to invest. My budget is 3x what I’m used to, but I’m still having a hard time finding a deal.
what has been your successful strategy at finding off market deals? I did so...
Brian Holt
Preparing to meet with loan officers or lenders
I am creating a portfolio to give to a few select loan officers to obtain a mortgage for a rental property. What would you include in this portfolio? I currently have 5 rental properties, working on my next one. As...
Christopher McGuire
Condo Conversion
What is involved in buying apt building then selling off units as condos? Rezoned??
Dustin Beam
How do you base your offer (Re: Pro Formats)
Hello beautiful people of BP, Sorry for the auto correct in my title, I can't fix that, but "Re: Pro Formas" I hope to be in a position to buy a smaller (10-15 units most likely) apartment building in the next 6 month...