How do you divide the profit if its a group of 4 ?How do you file the taxes? The LLC would be shared amongst all? Im new to all this and want to understand these things to go over it with my group.
Hello!I recently went full time into my own business and have started to get paid cash on some projects. My business partner and I just split the cash and I usually just deposit it with my wife’s tips once a month.Do ...
Hi BP investors,
I am a foreign investor (Canadian) looking to invest specifically in Texas, likely starting from Dallas given my partners are more familiar in the area. We're looking to buy-rent-hold the property a...
I am closing on my first rental 3/1 1000sf and the carpet is decent. I am considering putting in LVP throughout to make it appear larger and in hopes of maximizing the rent. Thoughts?
Hello - I am planning to start a multifamily portfolio in the Houston area. As I am new in Houston, I just have started building up a network. I am looking for a multifamily specialized agent who can help in in findin...
I’m in the process of doing my first flip.. I’ll be getting anywhere between 35-42k depending on how fast I can sell.. Once I get my profit.. then what?? I have an LLC.. obviously I would want everything going directl...
Trying to get the business structure correct starting off. I own some rental property already and it has been going. In an effort to take the next step I am buying an 11 unit building with two other friends / investor...
Hi, I am a newly licensed real estate agent in Texas and have a few questions about buying investment properties. If I find an off market property, can I use the TREC (Texas real estate commission) one to four residen...
Let's say you have an investment portfolio of 5 properties. Would it be better to have a separate LLC for each property, or would one LLC suffice?Are there different risks when having multiple LLCs? Are there more tax...
Hello All,
My name is Josh Anderson, I currently live in Tea, SD and I'm looking to join a REIC or find a mentor to learn about the real estate market in the Sioux Falls area. My ultimate goal is to gain si...