Neil Goldman
Investing with a Friend / Creating a Company
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...
Account Closed
Home Sale Tax Exclusion on a property with multiple owners
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...
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joint ownership with...gasp...friends
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 ...
Zachary Rosa
Real estate investment company llC
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...
Rufus White
Purchasing part of an Apartment Building
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...
Curt Wilde-Acker
Hello from Nevada and Malta
Hi out there!! I have been a member since April, but this is my first post. I am back and forth between Nevada and Malta (Sunny island in the Mediterranean Sea). I am interested in investing in Fractional Ownership...
Account Closed
Business Structure for Working with Investors
A few colleagues and myself have been discussing the possibility of creating an LLC for house flipping in the Indianapolis area. Does anyone have any good suggestions for how we should go about structuring this kind o...
CW Clark
Commercial Loans and Banks 20% Owner Rule in LLCs
Hi There, I have gotten commercial loans before, but currently going for one with an investor partner in my LLC on a six-plex. Our deal was to be 50/50 ownership and cash flow split, but the banks I have talked with...
Michael Fundaro
Exchanging property for equity in a "syndicate"
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...
Daniel Bryant
LLC Articles of Organization re-allocation question
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...