Glenn N.
Inherited Home determining Basis?
I inherited a home from my dad in Austin , Tx . And would like to rent it or live in it while i fix it up.I am trying to figure out the best way to go about figuring the cost basis . I would assume that I would want t...
Nathan Williams
partnering with Family and Friends
A small group of friends and fam have been dancing with the idea of partnering up into a multi-family property deal together. My wife and I are the most experienced of the bunch and it isnt much (just holding onto so...
William R.
Researching Print Advertisement (Chicago)
Everyone raves about Thrifty Nickel, Greentsheet, etc.
The problem is none of these are distributed in the Chicagoland Market.
What is the best way to find the free papers that are in circulation in my area... googl...
Jorden Glasco
How to split properties with business partners
2 friends and myself are wanting to start investing in real estate, but we are posed with the question of how to evenly split the finances that go into our properties.We’ve thought about promissory notes, starting a “...
Tyler Dobbins
Assignments Q's and A's
Hello everyone,
New to BP(my first post). I had a question for the experienced investors..
When doing an assignment, whether it be wholesaling method or lease option, do you receive the assignment fee(say it was bas...
Russell Fugitt
Drop and Swap (removing a partner from my 2 partner LLC)
I have called several QI's and my lawyer, talked to my accountant. Each call I make gets me a different answer. My 2 member LLC is going to sell the only property we own this month. My partner does not want to rein...
Justin Moy
Advanced Deal Structures All Passive Investors Should Know
Real estate deal structures can get more advanced the more someone invests, generally there are 3 terms that all investors should understand before investing. Those 3 terms are: Preferred equity / returns, waterfall d...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Jay Hinrichs
national rent control
did anyone catch Prez Bidens comments on how he wants to pass a national rent control at 5% max rent raise ?? my worry is there will be other stips in that if it was to pass.. Or do you all think its just pandering to...
Misael Herrera Granados
MTR in a rough side of town
Hello all, I purchased a property in the KC, MO area and have spent the last 10 months remodeling it. The property is almost finished and the interior has a full modern look with brand new paint, flooring, carpet, bat...