Joshua W Sommerfeld
Partnership structure to help father retire
Hi folks -- I am new to this wonderful forum and excited to get involved. I realize partnership / profit sharing structure is frequently discussed here but I couldn't find an answer that matched my situation.My goal: ...
Clint McGraw
Conventional Mortgage With LLC????
We started our LLC partnership back in 2-20 and have had trouble obtaining a conventional loan for our flips with an LLC. Have any investors here ever obtained a conventional with an LLC. Guidance and suggestions will...
Erik Dofelmier
Buy or Build Duplex
Looking for advice. We currently own about a 1/2 acre lot here in SC. Would it be better to build a duplex to rent out, or sell the land and hope to 1031 exchange if for a multi-family property if and when one comes a...
Paul Sandhu
Ever have a tenant get injured in your STR?
One of my renters fell off the front porch and broke his arm near the elbow. Alcohol was involved, my renters are refinery contractors. The cast was from the shoulder to the wrist. He's not able to work and went ho...
Jessica G.
You never forget your first!
Hi everyone! I haven't really posted in about five weeks, and this is why:http://imgur.com/a/TJ54ZMy first true flip! I made a ton of mistakes and learned from every single one. My "plan" was simply to follow the advi...
Siwei Tang
3 friends just starting out & have questions
(Sorry, new to bigger pockets and tried to post on two forums. Apologies if you read this in the tax forum already!) Hi BP community!My two friends and I are just starting in the investment property business and are l...
Marsha Hill
Rental Sold Contract for Deed has come back Uninhabitable! Help!
During the worst recession in history, when NO ONE could get a real estate loan, I sold a property to a young family via Contract for Deed. They were to get their own loan in a year, after raising their credit score f...
Jim Bryant
Leases, better to have or not?
I have four single family homes and have been renting them out without a lease. I started when I was 22 and I got some advice from my uncle who is a lawyer who said that "a lease gives the tenant too many rights, you...
K B
Newbie from Orange County, CA, and a bit about me
Hey everyone, I'm new to this forum, but certainly not to the online community. My names Kelsey, I'm 22 years old and have had an interest in this industry ever since my parents got involved in investment properties....
G Brian Juk
What do I need to lend finances
I have some money that I am thinking about lending to a flipper. He says he need 15k for 6 months. He would offer 16% for a full year and 3 points.
What paperwork do I need to insure that he pays me back?
I've never ...