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Hi Bigger Pockets, I've just purchased my first 3 unit property in December and I am reading through The Book on Managing Rental Properties by @BrandonTurner. I'm realizing my need to be as organized as possible up fr...
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Got in the house today and the biggest problem is a basement wall crack which looks like a serious problem.Have not done a house with this type of problems so not sure how much $$$ we are taking about.My plan is to u...
Can I find a Townhome/condo and structure a lease option deal for me to live in? How do I go about doing that since it would be for myself? What do I say to the owner or the agent when I contact them? What fees would ...
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Are shareholders to take a percentage of total deductions based on their share of income on their K-1's or the full amount. For example if a shareholder owns 20% of the LLC do they take 20% of the deductions on their...
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These questions are for all of my syndicators out there! Which ownership entity method (LLC, Corporation, etc..) are you holding your assets in? And how do you protect your investors from liability concerns across var...
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The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
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I'm interested in knowing from those of you that do JV deals with other wholesalers, how do you structure your deal/partnership? Do you have a contract that you use to spell out terms of the JV or do you use another m...
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Investment Info:
Single-family residence private money loan investment.
Purchase price: $35,000
Cash invested: $135,000
Sale price: $375,000
These are the types of projects we love to fund. The ...
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So I have been reading about ROBS, and it seems like something my wife and I might pursue in the next year or two. I know that it has to be a C corp, and is not for real estate investing. Other than that, does anyon...
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I want to preface this discussion by saying that I will absolutely be contacting a lawyer before preceding, and would like this discussion to help me limit the number of hours I will eventually be charged by such lawy...