Ben Matiella
Using Self Directed IRA to fund downpayment
Hello all, general question: if there are 2 partners looking to invest in a SFR or small multifamily, where one provides the down payment and the other manages the property, makes payments etc. Can the person pay th...
Alexander Ramos
Lease Options vs Subject To
hello everyone I acquired contracts for LP's and some clauses as well. Talking to sellers. Excited to close on my 2nd RE deal! Ok that's out of the way so here are some questions. How can the two be combined (SubTo-L...
Sam Gergley
Columbus Ohio Downtown Flip Success!
Hello, I am a relatively new investor and new to bigger pockets!I just wanted to introduce myself to the community and share a quick flip success story.My main goal is to develop a buy/hold/rent strategy. This flip ha...
Christopher Tritch
Someone gave me money to invest. Is it subject to income tax?
I'm just beginning my real estate career. After hearing my plans, an acquaintance gave me money under the condition that we would split the profits. This money is now in my LLC's bank account. Does the IRS consider th...
Nicolas Biangel
THOUGHTS ON EQUITY SHARING
Good morning! Hope you all are staying safe! I'm under contract for a 20 unit complex and partnering with a private lender to assist with the down payment. My question is--what is the "market rate" for equity when ...
Tara Rose Iguidbashian
REI Family Partnership
Hi all,
I am planning on partnering with a family member to buy a multi-family property. We plan to create an LLC and joint checking account. From there, I'm wondering the best way to structure our partnership. We wi...
Jeremy Lee
Parents want to gift their portion of co-owned property?
Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...
Jake Long
Putting only one partner's name on the mortgage?
Hi BP,
I was wondering if anyone here has experience partnering with someone but only financing under one person's name? I am asking if this is possible so that a partnership could theoretically have 20 conventional...
Greg Scott
Does your LLC give you privacy? Probably not any more!
Washington wants to know all about you and your entities and create a giant database of who owns what.If you haven't heard yet, starting Jan 1, The Corporate Transparency Act goes into effect. All entities must now r...
Adrian Chu
THE ULTIMATE SEATTLE HOUSE HACK (no, it is not renting out rooms)
This is a summary of learnings from a recent project I personally completed.
Steps involved:
1. Buy a home with a large backyard
2. Get permits to build a detached ADU (DADU)/backyard cottage in the backyard
3. ...