So we are moving to a single family house and would like to rent our town house. But our community has hit the rental cap (20%) and since the HOA is still owned by the Declarant and not really the home owners, there i...
I am in the process of searching out some syndications where I can be a limited partner. What sort of questions do you recommend to ask to vet the syndicator and the deal? What is a common split among GP's and LP's th...
Of the several property mangers I have there are 2 that do 1099's differently.
One manages 2 properties and does not issue a 1099. Annually I ask and annually they tell me that their owners just use the income from t...
Hi bp, I'm in the process of replacing our PM for our 30 Units Apartment complex. Our current PM is making the Transition very difficult by holding the money in their account. There are 2 issues I'm hoping to resolve...
When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...
In about a year I plan on starting to flip houses with a partner. Recently, I've started to do some research on different entities (S-Corps, LLCs, etc) in order to potentially minimize taxation on our profits.Based o...
Hi, I'm looking to go in on a rental property w/ a partner, I'm hoping for some tip and pro/con on different organizational structure: Details--this partner and I own our current residence (30yr mortgage, not married,...
Hi fellow BP members. I have a question about partnering up with an experienced GC/Investor. I've been wholesaling since 2012 and I'm ready to take the leap into fix and flip. However, I have no construction experienc...
I have few residential rental properties, for which me and my wife are on mortgage but did deed transfer to LLC. But as for filing taxes we elected as S-Corp, it's been few years we have this set up, but learned that ...
Hi, anyone know of a Charlotte, NC, fee-only/fiduciary financial advisor who also knows REI? I'm looking for someone to help with financial/retirement planning who is experienced with retirement portfolios that consis...