Andrew P.
2 Partner LLC and paying Taxes
Hi All,We own 23 units which are starting to turn a profit. There are two of us that own the properties in a LLC (also the %ownership is not 50:50). How does everyone go about paying taxes? Do you take the total out o...
Tj Hines
We Just Recieved the Best Terms Ever
Acquiring 88 units out of 200 units in a fractured condo deal, we knew going in, getting the terms we wanted we're going to be quite challenging. History on the property ... back in 2004 this property was ran as a 200...
Gianni M.
Designated decision maker in property shared by family?
Ownership of the home I grew up in is shared 50/50 between my mom and my grandparents. It’s fully paid off and located in CA. When my grandparents pass away, the home ownership will be split 75% my mom, 25% her sister...
Paul B Fleming
Anyone work with Simm Capital Group?
Looking at an offer for Affordable housing portfolio, offering 10% dividends and 65% profit splits.
Has anyone worked with Simm Capital group and had any success?
Thank you Paul
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Steven Kleppin
Looking for syndicator that refinances, keeping equity position
Hi everyone. I know BP Podcast has interviewed at least 1 syndicator that doesn't sell the property, instead keeping it and persistent cashflow distributions. I was wondering if anyone has invested with a syndicator l...
Patrick Hancock
Private Money Partner Question
Hello,
Partnering with a private money lender to assist with down payment on a duplex. He will receive a return on his money for seven years but no equity in the property. His question was how secure was his loan. ...
Account Closed
Pacaso time share feedback
I'd like to here everyone's thoughts on pacaso and its effect in the sfr market. It seems like another market disruption biz template. 90mil + in VC, cute play on name etc.They are suing st. Helena now. Home owners ar...
Armand Farr
Tax filings with properties in and out of LLCs in Houston, TX
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...
James Kojo
Delayed Syndication for MFR takedown?
Is it possible to structure a personal purchase of a commercial MFR property with the intention of selling of pieces of the deal after the deal has closed?Why I ask: I buy properties for my personal portfolio (I'm not...