Brian Barfoot
How much do you pay to incorporate?
So I have a partnership that just turned into an LLC. We paid a lawyer about $1800 to do all of the paperwork and transfer one property's ownership. This felt high but my partner is associated with the firm and felt d...
Jennifer Ryan
What Should A Comprehensive Presentation Plan List for a Lender?
What should a comprehensive presentation plan for your lender include so they know you have all your ducks in a row?My last question before I decide if I want to go BP Pro.
Holly Scott
Operating Agreement for LLC after the fact. What do I do?
Hi all!! So my husband and I started our LLC in November of last year. We flipped our first house, buying December 29th of last year and officially selling on April 18th of this year. We bought that house in our names...
Alex F chang
Investment property monies account
What's up BP community!Curious to know if any of you open an individual account to keep cash flow and reserves for each rental that you own. If you do, which ones do you think are best and are there anything that you ...
Philip Darcey
LLC for flipping
I was wondering if anyone had any insight as to whether or not an LLC is needed for myself and 2 friends to start flipping houses. Does the LLC make things harder or easier as far as loans, insurance, and just overall...
Bill Gulley
NON PROFIT HOUSING WITH REVENUES
This is an open discussion about non-profits providing or facilitating special needs or specialty housing, yet doing so profitably for those who operate the housing services. This has basically arisen out of another t...
Chad C.
Help with mobile home 5pack analysis
This is the deal on my plate. 5 mobile homes on $230 lots for $65,000Total Gross Income is $600 + $600 + $750 + $760 + $1000 (2.5 year lease purchase on $1000 home) = $3,710Total Monthly Expense: ($230 Lot Fee) + (30 ...
Joel O.
RE Partnership Structure
This is for those Real Estate attorneys or people who have experience with my question:My mother-in-law wants to partner with me on my next deal and wants to be a silent money partner in this deal.She has no plans on ...
Charles Press
?Repairs vs. Maintenance
Here's a question that likely only the people that keep their own books or the accountant minded will appreciate. Do you lump together your repairs and maintenance costs on your income statement or do you keep them s...
Dylan Thomas
Property Management Company - Buy vs. Build
Long-time reader, first-time poster here at BP. I would like to start a discussion and/or get input from you all on a decision I've been back and forth on: buying an existing property management company or growing org...