Account Closed
How to structure a business with multiple investors or partners
I currently work a W-2 job with several other coworkers who are interested in real estate investing. My goal is to figure out the best way to structure a business that includes anywhere from 2 to 5 members. Ideally, I...
Savitha Quadros
Clueless in Seattle :)
Hello BPers - My name is Savitha. I am excited to join this community and to meet and learn from all of you!My husband and I just sold our first home and are hoping to be smart with the little bit of profit we made on...
Chris Soignier
Tax implications of back-dating a sale of interest in LLC
I negotiated the sale of my interest in an LLC that owns an apartment complex last December. The buyer/deal sponsor wanted to do it 12/31, and I suggested we do it first week in January so I could defer my tax on th...
Elizabeth Patton
no fault Eviction options San Diego CA 92115
Hi All. my husband and I are trying to turn our rental property (which is on our property with its own address) into a AirBB or short term rental. We currently have an awesome long term couple that has lived there for...
Jan H.
LLC partnership question
I would like to get some ideas from you experienced RE investors out there on structuring a partnership my friend and I about to enter into.We (two of us) are planning to form an LLC with some cash and start buying mu...
Sam Sagor
Convince me : sell or hold
I have some convincing to do - family estate is up for being rented or being sold. I believe this is the wrong if not worst time to sell this and would advocate using the house as a buy and hold property or vacation r...
Bryan Danger
Forbearance without a credit hit? Think again.
A few months ago when the madness around covid started, when several of our tenants started calling to express concerns over making rent payments and we started growing concerned about our ability to make our mortgage...
Account Closed
Being Successful at Wholesaling - Do you need a Mentor?
Someone asked the question "Is it worth paying a mentor" regarding a specific mentor, in a different post and I thought it deserved it's own general response for anyone considering starting out in wholesaling. I've be...
David Yu
RSO Duplex - Current Tenant
Hi! We are looking to purchase a duplex with Los Angeles RSO provisions. One unit is vacant while one unit is occupied with a tenant that is month-to-month and has rent that is way under market rent. What are our opti...
Kelvin Duen
Partnership Structure with a Friend
My best friend has approached me with a deal, that on paper, is just okay. It's not a homerun deal but it'll cash flow. The deal is in Philadelphia and we are in New York City. Here's the situation:
We are both new t...