Andrew Froome
Benefits of partnerships?
Hello everyone! I am new to real estate investing and I also have a friend who has been studying real estate investing and wants to get started. My question to you all is- what are the benefits of investing with a par...
Patrick Meucci
Working with a business partner
I am new to the real estate investment world and I'm hoping to get feedback from people who may be in a partnership where two partners bring different strengths to the table. I am looking to pitch a business plan to a...
David Chlarson
Legal Details of Renting My Spare Bedroom
I am in an interesting situation, let me explain. I started and LLC a few months ago to hold real estate. I have recently bought my first property, but I had to purchase it in my name instead of the LLC's. This was du...
Benjamin Allen
Cost of Upstate NY LLC, and How can I do them myself?
Hi BP,I am looking to set up my first LLC per the advisement of my CPA, my attorney that does them, told me the cost would be around 1500, I also heard 950, from another attorney who still hasn't gotten back to me. My...
Craig T.
Duplex - occupying one unit and renting the other
We just purchased a duplex in Seattle set to close in three and the current tenant's lease is up at the end of May. First deal as investors!
My wife and I plan to live in one unit and rent the other out. Should we cr...
Harsh Garg
7 condo deal - 10.8% Cap - is this deal good enough??
7 Condo - (5 - two BD Unit and 2 - one BD Unit)Purchase Price - $350kDown- 30%Loan- 245k100% OccupiedAnnual rent- $48,360Expenses Property Taxes: $248.00 Water: $120.00 Garbage: $10...
Pradeep Tiwari
Can I and my partner quit claim a property to two separate LLCs?
I have many investment properties with separate partners, Now I`m planning to quit claim them to LLC. now here is hard part, I`m not sure if I can quit my share to my LLC and they can quit claim their share to their o...
Joe Maris
One person 1031 Exchange out of a 4 person LLC. Is it doable?
Is it possible for one person to do a 1031 exchange out of a 4 person LLC? LLC was formed by 4 people (25% each) to purchase a commercial property. I am buying out the other three. I can dissolve the former LLC and st...
Venkatesh Nakkala
Need help Final LLC tax return in Turbo tax, no asset disposals
I have a friend who has been using an LLC to manage 2 properties for the past 10 year usign Turbo tax
So they have 2 partners, Each of them has a property titled under their individual names (partner 1 ownes prop 1 ...
James McGovern
Should I stop saying no?
I have been approached by many people locally wanting to get into house flipping where they proposed a partnership. To date, I have said no but am wondering whether I should reconsider.Does a partnership where they br...