Thomas Hickey
Tax advantages of Seller financing to relative?
Hi Bigger pocketers,Have a question about a multifamily a relative of mine is considering selling. I'm trying to buy it directly off of him with seller financing. Tax wise would it be better for him if I were to pay h...
Rebecca A.
What is the California eviction process
The house next door have horrible people living there for free. They are always playing stereo too loud, stolen vehicles on property and etc.. The house was sold at auction 12/18/19. The new owner bought it and serve...
Brandon Johnson
Closing Attorney's in South Carolina
Need advice how to find an investor friendly attorney. Also, should I use an attorney in the local area where I'm investing? Or can I use an attorney local to me for each transaction?
Daniel Loane
Legal risks - Rehab performed through power of attorney and not invoiced to the owner
Hi all,I am trying to buy a property before it's foreclosure auction scheduled in a few weeks. The lawful owner got into business with a crew of non-trustworthy people by assigning them Power Of Attorney. They have mu...
Jiwei Yang
How contributions are taxed for LLC
I just started my LLC for Realestate purposes and am signing up for a tax ID in order to open a bank account using the LLC. My question is, what if my family wants to give me money to jump start my business. How are t...
Felipe Soto
Condo Buying Must Know
Hi ALL,I feel pretty sufficient analyzing the purchase of an apartment from going through the financials and physical aspects of due diligence. However, I’ve never bought a condominium apartment that’s being sold in p...
Will Barksdale
Ownership percentage vs. profit allocation percentage
BP,
I have an interesting question regarding ownership percentage vs. profit allocation percentage within an LLC.
I want to have an operating agreement where party A owns 60% of the LLC and party B owns 40%. Addi...
Adam Klugh
What do you do when people want to give you money?
So I recently had two really successful deals and now I have friends who want in? The trouble is, I have no idea what the best way is to deploy their money. I've heard that you can get into some big trouble if you don...
Brian Dickerson
Proper way to structure business for rental properties
Hi all,I know the *real* answer to this question is ask an accountant. But I dont have an awesome real estate savvy accountant yet and sometimes the best advice is from people who are experienced in doing it.We are i...
Kevin Guyden
Unable to move primary residence to LLC
Hey everyone!I am about to move out of my primary residence and turn it into a rental property. My plan was to move the property to an LLC. I just reached out to the mortgage company, and they informed me that I could...