Jim Witten
Taxes on RE Income through an LLC vs Finders Fee?
If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...
Marc I.
Gift of Equity Help and Potential Rental Property
Hello BP forum, I've been doing a bit of research and keep running into obstacles. Here's my scenario:My retired parents (who live in another state) would like me to take over their mortgage. Ideally the want to give ...
Bryan Hancock
Tax Implications For "Gifted" Notes
We are considering "purchasing" a note from someone who wants to get rid of the downside risk in the event that the tenant quits paying. The tenants in the property pay EARLY every month and have done so for over 4 y...
Joshua Elliott
Just Deeded A Property
My grandmother just signed the deed to her home over to me. The home is paid for. No taxes are owed on the home. The home, however, is in need of a lot of work. I do not know where to begin to look for funds. I live i...
Josh Salvo
Loan for Down Payment
For a conventional loan that requires 20% down, has anyone ever taken out a loan for the down payment or used other channels for the down payment outside of spending their own cash? If anyone has any recommendations I...
Mark Tomsick
Need help with, Uninsured Deed Affidavit, Power of Attorney
Requesting creative solutions for my first deal. San Diego, CA. I am working with a person who was lucky enough, or tricked into thinking, that this property was gifted to him. The original owner got into some troubl...
Patrick Ng
Financing a duplex investment property
Hi all, I am looking to move on a duplex. I recently closed on a SFH, and my goal for financing this property is to keep more cash on hand in case of repairs etc on the other properties I have. For this property, all ...
Nikki Bahash
Removing a person from an S Corp
Hi BP! Does anyone have any insight or experience with removing or changing a person from an S Corp that owns a commercial building without reassessing the property taxes in California? It’s a parent & child in th...
Liam Galbraith
Using OPM As A Down Payment
Hi BP Members,I have a passive investor lined up to provide the down payment on an investment property. I will find and manage the deal, and take out the mortgage under my name, and receive a portion of the profits fo...
Ryan Arsenault
Am I buying my first home or second?
Hi BP Community, I am new to real estate and am spending most of my time right now researching, learning, and networking as much as I can while working a full time job. My full time job provides pretty good flexibilit...