Debbie Pratto
Probate Estate property management
I am an owner of 2 rental houses I owned with my brother. He died and now the houses are in Probate including his separate house. I will be a 75% owner of the 2 properties we shared and a 50% owner of his separate h...
Debbie Pratto
Estate EIN and creating 2 Bank Accounts for 3 houses with survivor interests
I am an owner of 2 rental houses I owned with my brother. He died and now the houses are in Probate including his separate house. I will be a 75% owner of the 2 properties we shared and a 50% owner of his separate h...
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
Furniture for Sale From Luxury LLC Corp. $1.
Sorry to tell all the cottage industry attorneys and gurus on BP that owning or vesting in a LLC no longer keeps your identity secret. It really never did. If you appl...
Daniel G.
Sale or Transferability of Partnership Interests, HELP!
Hi Guys,My question is about ownership and the transferability of ownership interests with limited partners (investors) in a multifamily property deal. How do you guys address the sale or transfer of partnership inter...
Jeff Caldwell
Ownership stake in Tenancy In Common
I am exploring entering into a TIC where one person (me) puts all of the down payment in and the balance of the property financed between myself and my girlfriend at some split.My issue is that I know the down-payment...
Robert Piller
Question on JV Agreement
Need some guidance:
A few partners have put up $150K for non-refundable earnest money on a 31-unit apartment to condo conversion...which was paid to the bank this past Friday.
From what the GM just told...
Carter Wallace
Co-owning/Developing land as a shared LLC?
Hello BP Community,I'm in discussions with a friend to co-own land as an LLC, and each build a home on it. I have a few front of mind questions, but would appreciate any comments relative to blind spots I might have....
Shawn Mcenteer
Refi on house used for collateral
My wife is being offered ownership to a company where she would have to use our MFR (we owner occupy, only property we own) as collateral, in return she would become a share holder. If our house is being used as coll...
Eamon Conheady
Investing Partner Interview?
Hello,What do you folks look for in someone when considering forming a partnership to purchase a property together? How did you meet partners, and what kinds of questions do you ask them about to figure out if you'll ...
Joshuam R.
Hold primary mortgage, But add a friend on title.
Steps:
1-Live in and hold mortgage on primary SFH
2-Add additional persons to title only
Scenario, additional person on title gives closing cost $$ of 3.5%, add the person to title as 7% ownership and rides it out ...