Hi. If doing a house flip and spitting profits 50/50 (money/rehab work), are the profits spit after subtracting capital gains tax or before? Thanks!
Hi All,I have a section 8 property where the tenant recently passed away. Will her son who lives there (around late 20's) receive the voucher. He said he talk to someone at housing and housing said they can only stay ...
Hello-
Currently in an apartment where water damage was very apparent a few days ago. Floors had puddles all over them. A water restoration company assessed the damage, ripped up the floors and drywall and have fou...
Hello I recently purchased a property at a Los Angeles county trustee sale via the 2nd lien foreclosing. Title has been perfected and 3 / 90 notice has been served to the current owner. I am in contact with the senior...
Hello All, I am *thinking* that this is a prohibited transaction, but thought I would check here and get some feedback. I was researching methods of partnering outside of SDRIAs and came across this idea. Say Partner ...
Hi BP Community! My question relates to syndication structures with respect to how a sponsor categorizes cash distributions.
If you have syndicated a MFH deal, have you chosen to categorize the cash distributions (w...
It's been a while since I have posted, as like you, I have been busy. I wanted to get some of your thoughts on the recent changes that VRBO / Homeaway have made, which forces property owners to use their online bookin...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Colorado Springs.
Purchase price: $200,000
Cash invested: $25,000
I have been working with a property owner on the managem...
I'm about to get a second property online and wanted to keep the two properties in separate bank accounts. I use OwnerRez and could probably set up another Stripe account for that property that deposits directly to a...
http://www.fdic.gov/news/news/press/2009/pr09012.html
FDIC Approves the Payout of the Insured Deposits of MagnetBank, Salt Lake City, Utah
After an extensive marketing process, the FDIC was unable to find another f...