Logan Jamieson
Non-profits and multifamily
I see many people on this forum talking about multifamily buy and hold investment strategies to create personal wealth, as well as business set up specifically to generate profits through the same means. Why do Non-pr...
Riley Holt
How to split profits?
Hello BP. I am starting to get my ducks in a row and plan to invest in rentals and maybe a few flips here or there. My brother who lives in CO will be my hard money lender. He will cover the down payments and rehab co...
Turquoise Brown-Utley
Connecting investors to profit!!
Investment Info:
Single-family residence other investment in Maywood.
Purchase price: $50,000
Sale price: $163,000
I was involved in helping an investor buy this property he fixed and flipped. Proper...
Jeffrey Townsend
Keeping all the profit.
BP family, If I was to purchase a home to eventually flip (house hack) how long would I need to live there in order to not get Tax's taken from the flip profit?
Vaughn Lewis
Partnerships and Profit Distributions
Hi BP friends!Looking for some thoughts / guidance.....I am considering forging a business partnership with a like-minded investor in my area. On the business end I was wondering if there is a standard in terms of pr...
Christopher Lopez
Self Directed IRA profits
A bit of a new guy here.If I take my 401K after I leave my company and move to self directed and then buy 1 or more rental properties in cash.Does the monthly income from the rental have to be moved into the Self Dire...
James Scholz
Earthquake damage + uninsurable = profit?
Not sure if this is the right forum - these aren't exactly foreclosure properties, but are basically handled the same way, just by private sellers.The back story: A few years ago there was a massive earthquake (or two...
Phillip Seibel
Splitting profits of sale
Hi everyone!! Buying our first investment property. My son is buying the property in his name and using his money to pay closing costs and down payment. My fiancé and I found the property, negotiated the contract, and...
Debbie Kleier
Question regarding profit split
We purchased a property and provided all the funding for repairs/work. We have also done at least 50 percent of the work, closer to 70%. We had a friend helping with an understanding that we would split profits with h...
Lee Stidham
Flipping Fairly Profit Percentages
Hello all. I am a small contractor who wants to begin flipping houses in my area with my brother and another contractor. As this is my first venture, (and theirs) I want to make sure the agreement we make is fair befo...