Shalin Patel
Mortgage/LLC structure tax liability in 100%/0% partnership.
My father and I are working on our first triplex deal and plan on transfer to an LLC after closing. I will be supplying the down payment for the mortgage and initial costs. Ultimately we would like all the profits/los...
Brendon K.
Ann Arbor looks pretty dead. How's the market out there?
Not a lot of activity on these forums. I'll be moving out to the Dexter area in a few weeks looking for some single family flips. It feels like there might not be a lot of wholesaling activity going on there--?
Judd Campbell
NO insulation in the attic
My latest acquisition was built in 1961 and has zero insulation in the attic. I am thinking of using blown insulation and doing an R38 depth in Central KY. Should I use rolled insulation instead? That foam spray is ...
Andrea L smith
Getting a buyers cost inflated for rehab costs?
I'm currently looking at a 1 bd 1 ba 524 sq ft. It needs a little TLC but given the size of the house I can't imagine it being more than $20,000 in repairs. I plan on renting the property after the rehab. The purchase...
Logan Allec
How much to tear off and re-roof a 600-sq. ft. house?
There are currently three roofs on top of this house. I would like them all torn off to the plywood and a new roof put on. Malarkey 30-Year Dimensional Shingles.I have gotten estimates ranging from $5,500 - $7,500, ...
Jefferson Smith
One partner with money, the other with credit...fairest split?
Two partners are working on a deal for a small multifamily (under 5 units) and getting a standard mortgage.One partner provides a bit more experience and about 3/4 of the capital. The other partner is securing the lo...
Matthew Metros
Now Contractor Asking for 15% markup to cover material and labor
I am working with a contractor that has been a pleasure to work with. Honestly, he has gotten the job done and has been honest with me. There have been delays on the project that I have had to eat up (3 Months), but o...
Stephen Jones
Thoughts on building a 4-8 family during these times
BP,I'm considering acquiring a piece of land in a great location that is zoned multifamily. My plan is to build a 4 unit 2 bed/1 bath on this property and eventually build another one down the line. I own my own const...
Timothy Medina
Is buying a piece of land a good idea?
Hello everyone,My name is Tim and I am just starting out on my real estate journey. I found a piece of land in Desert Hot Springs, CA that I am thinking about purchasing. It is near palm springs and I was thinking in ...
Peter Chaniotakis
Investing in Older Properties
Hi everyone,
I hope this finds you and your families in good health. Currently, I am living in Los Angeles and am looking to purchase a multifamily home to live and rent simultaneously. Given my low budget and Los An...