Hello BP community! First post here. To keep it short, I am going to be purchasing a buy and hold property with a partner in the next few weeks. We verbally agreed that he will buy the house in cash and i will pay for...
I am working to flip my second house and have a couple friends who want to be investors since it’s a larger project. The loan will be solely under my LLC and I plan to handle the coordination of the purchase, rehab an...
I am looking to start investing with a partner and would like opinions on whether it would be best to be under the same LLC or would it be best for each of us to form our own independent LLC and partner (or JV) that w...
Hi Bigger Pocket community,Assuming I should consult a tax/mortgage professional, I'd like to ask y'all for knowledge a guidance here. About me: I own a 2-unit house that I have been house hacking. I have a convention...
If we go into a joint venture and have no money but bring in the deal, and want to get paid at the end but this time we are more involved and oversee the project of the house getting rehabbed how much should we get he...
Has anyone ever dealt with a title company refusing to release the funds on an agreed upon lease back. So both seller & buyer agreed on a (residential temporary lease agreement) so that the seller will have time t...
Hello BP,
I am no longer managing this building as I passed it off to a PM. However, I became aware of a situation the other day and I'd like to get your take on it. The situation is that two friends rented the unit,...
Hey all,I'm considering a Joint Venture (JV) for my next property, and wanted to get your thoughts on:Pros/Cons'Gotchyas' to look out for when creating, executingGeneral steps to createGeneral anecdotesThank you every...
I’m getting ready to apply to HELOC on my primary. Spouse and I are on the title and loan. I believe I can qualify for the HELOC on my own, saving my wife with additional debt ( when used) on her credit.Is there anyt...
We have a great grad student renting our 2 bedroom duplex. He didn't meet the income requirement so his parent's co-signed. Now he'd like to find a roommate to share the costs. I understand the new tenant would need t...