Barry Je
How do partnerships work?
Let's say a couple friends and I want to invest together, and all three of us live in different states. How does one go about this?Will a bank lend to three unrelated people? Can we quit deed claim into our LLC? Ri...
Evan Hyde
Taxes on sponsor cash flow
Question for the RE CPA's: If I have a deal where I am the sponsor and invest no equity, while my investors invest 100% of the equity, and we agree to split cash flows (let's say 50/50). Our first cash distribution co...
Tom McDaniel
Partnership LLC Sells Rental, Invests in DST, Closes LLC, Can DST be Distributed?
2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold. Proceeds to be used for 1031/DST, LLC would then be owner of record for 1031/DST.
Plan to close LLC in 2024 or...
Cameron Hasselbaum
Which comes first: the partner or the deal?
I'm new to real estate investing and don't have cash to put down, so I am looking for a partner to get into my first deal with. I found some deals on the MLS that look promising, but now I'm not sure which to do next....
Account Closed
Tricky situation- how do I cover my... assets?
Hello fellow BP'ers, I have a tricky situation on my hands, and I need some direction.I have been flipping houses for about 15 years, and am now wanting to switch directions a bit and move into buying more rentals. I ...
Julian Drew
Asset Ownership within a LLC
Hi all,My business partner and I are looking to purchase our first property but just have a few questions concerns about how to structure the purchase within the partnership. I have heard that it is difficult to get a...
Jessica Piff
Rental Property Partnership
Hi BP,
My husband and I want to find partners to build our rental property portfolio. I’m curious about the structure of partnerships when it comes to rental properties. Specifically if someone else is financing the ...
Raj Kumar
Residential Rental - LLC - taxed as Scorp - Need assistance
I have few residential rental properties, for which me and my wife are on mortgage but did deed transfer to LLC. But as for filing taxes we elected as S-Corp, it's been few years we have this set up, but learned that ...
Noah Weitzman
Refinancing tax's if rolled into another property
Hello! Thanks for taking the time to help with this. Was wondering if similar to a 1031 exchange for selling a property if there was a vehicle for a tax-free refinance if you refinanced a property and used that new ca...
Brian Adams
1031 Exchange - $400k
I buy 100 to 400 unit apartment buildings and I have an investor that owns an apartment building who is 67 years old. She has owned and managed the property for years. With her age she is wanting to sell the property ...