Brianna Wickham
Partnering on an Owner-Occupant Deal With No Legal Entity
My husband and I want to invest in our first SFR deal with a friend, but we aren't sure the best way to structure our loan (I.E: can our friend just be a cosigner on our loan instead of a co-borrower), or how to write...
Christian Baena
Structuring a Partnership for a Vacation Rental Property
Hello all, and thank you in advance for the feedback:Background:Rob and I have similar backgrounds managing vacation rental properties in Miami. We'd like to to buy a 5-bedroom home that was referred to us and manage ...
Michael O'Brien
Details on pass through deduction tax plan changes?
I’ve seen a few articles on last minute tax plan changes and they are stating there was a last minute change that allows for a greater reduction for real estate LLC’s with no to a few employees for rental income. Anyo...
Jessica Monroe
Help - setting up LLC with Multiple Parties
We currently have our first duplex under contract but no LLC set up here's our situation: 4 parties involved:- Individual #1 & 2 are providing capital (cash / line of credit)- Individual #3 is going to be their f...
Tzook Bar Noy
Purchase a percentage of commercial real estate
Quick question on purchasing a part of a property.- We have a property owned by 3 partners, with NO debt, property value 3M- one of the partners wants to sell his 33% for 1M- I want to buy his part in the price of 1M-...
Chelle Knijnenburg
Warranty deed problem
The question is - which type of lawyer is needed to handle this...... My father lives in Florida. He and my brother bought a 2B2B SFH house in the 90's with both their names on the deed and mortgage. It's not apprecia...
Robert Steele
Would you buy a partial ownership given the pitfalls?
I might have an opportunity to buy a one third ownership in a nice single family property. The property is well maintained from the outside. It is owned by a husband and wife and another family member. Assume that I c...
Alberto Murillo
Questions on Gift Tax & Form 706
Greetings, My father wants to sell a property to me for way below market value. Market value: $400k, and purchase price: $175k in Alameda County California. He is gifting me $225k. I am financing $175kWill he have to ...
Lionel Quiambao
MTRs and Shared Space Accountability
For individual deposits with regards to renting by the room, I’ve heard advice on various BP posts that you should split up responsibility for damage to the shared spaces. For example, if there are 4 bedrooms, each te...
Dave Martel
One of my sellers died before signing contract
Hello BP, I hope someone can help me out with this.
I got a call Friday from a motivated seller and met them on Sunday. It turns out the house is owned by three siblings ( two sisters and a brother) all of w...