Charles Williams
Forming a LLC
My business partner and I have an LLC. In the LLC we have a total of 8 properties. I have read where you shouldn't have too many properties in one LLC. I understand the reasoning is that if we are sued you only wan...
Gabriela Gomez
Borrowing from a known aquintace
I am planning on asking a person I know to borrow money for real estar investing. That person has 80k sitting at the bank and is planning on putting it into a secured annuity that will only generate her about 2%intere...
Daniel C.
2-3 unit buildings in commercial loan
Hypothetical financing question for the group. I’m not looking for lenders, just looking to unpack this scenario.Assuming they are both achievable, is there currently merit in holding 5 duplexes and triplexes in a sin...
Chuck Dyas
My HOA is $7,000 in debt
First, a quick background on my situation. I own a condo in a ten unit building. There were plans for additional buildings but the developer ran out of money and the property is currently going through foreclosure. Se...
Joseph Belgrad
Flipping partnership set-up
I'm entering into a partnership with a wholesaler for flipping houses. Our target is turn-key properties needing very minimal, if any, work. For example, he has located a property that negotiating with the owner he ca...
Chris Fennimore
Question About Rules on Raising Private Money
Hi, I'm relatively new to BP and have searched around the forums for an answer to this, but couldn't find a definitive response. My partner and I have been buying rental properties in Albuquerque for several years. T...
DJ Brooks
Sub To Contracts? Anyone Have Any?
Hello everyone, I am trying to set up a sub-to deal on a listing I have. However, I do not have a contract or template to create an agreement. Does anyone have a blank contract they are willing to share with me? Or do...
Steve Hall
Marrying a partner with lots of debt?
I just read "Walking the Tightrope between Debt and Leverage" by @Anthony Gayden where he talks about an impressive dig out from crushing debt. What I found interesting was that when he married his wife, she brought $...
Mira Gorlovsky
The tenant moved out, didn't pay last month rent, left no address
The tenant left and didn't pay last month rent, no address left. There some damages to the property.Do I have to send itemized statement, showing that she owes money to me to the address of my property?i am not goin...
Brittney Blanco
Finder's Fee for bringing investor
Hi there,
I am currently working with a developer who needed an investor to complete his projects...I found him one and we are finishing the deal. Does anyone know if the finder's fee is off of the debt or the new lo...