My mom and I are planning on starting a real estate investing business. Basically, she is putting in majority of the startup capital and I will do majority of the work. I'm going to simplify our plan here. If mom puts...
Hello all! I hope this is in the right category. Most of my question is in the description. An agent that I have done several listings and purchases through is starting to flip and has come across a pretty nice deal....
BP friends, seeking your advice. A friend and I are diving headfirst into real estate investing. Our goal is building a successful investment portfolio. I bought/financed our first rental. He bought/financed the s...
Hello,If I own 25% of a house that has $1,500,000 capital gains (i.e. bought for $500,000, sold for $1,500,000, my portion of the gains is $375,000), how does the home sale tax exclusion work? Does the $500,000 exclus...
Before you warn me of the pitfalls of investing with friends, please know that we have thought carefully about this and understand what we are possibly walking into.
That being said, here is the situation: there are ...
I am in the process of buying my second property which will be a 2 family. My next property i would like to purchases i would like to some family members to invest and slip the property with me. If i create and LLC an...
Hey,Just had a question, there is currently 2 lower units of a small 4 unit apartment building in my area for sale. They are the Bottom 2 units. Would you ever consider purchasing part of a unit, if another owner stil...
I appreciate everything I have read here about buying investment real estate with a Solo 401K, but am still a little confused about a couple things that I haven't read about.
First, I own a Sole Proprietorshi...
I'm just hypothesizing an exit strategy here so please humor me. My wife and I own a duplex in a residential multifamily zoning area. If done properly, the regulations allow up to 6 dwellings. Our primary plan is to h...
My partner and I formed an LLC referencing a commercial property that we own together in NY, we used an attorney to draft the LLC partnership together at a 49/51 split. We now are looking to change that to a 50/50 spl...