Tommy Brant
What is a typical split within GP?
Hello BP!
Have theoretical questions. I'm oversimplifying a LOT here just for the sake of questions, and I'm curious to know how other people view this.
If we broke down the GP into two roles - fundraiser & asse...
Benjamin Sulka
Getting Involved in Real Estate Before Doing a Deal
What's going on BP? I've posted about it much before, but my strategy is to do a multifamily house hack in the summer of 2024. The reason I pushed it back is because my debt-to-income is too high right now because of ...
Debb Childs
Where to put my RothIRA so it does not get eaten up
I am very conservative and do not know much about doing a custodial IRA. My accountant said to take my little Roth IRA (under$150K) and put it with 'Charles' or somewhere that does not have a lot of fees. I am almos...
Nabeel Syed
Partnership Agreement Examples/Insights
Hello All, I'm going into a partnership with 3 of my friends. We want to put together an agreement where all of our responsibilities, capital allocation, distribution of profit/losses ... etc are stated. I was wonderi...
Joel Florian
Looking to invest in Hawaii
Summary: I want to become a real estate investor in Hawaii. And I have a bunch of questions. Any advice is appreciated but specific answers preferred.1. Should I sell my $400k home in Alaska or try to rent it out?...
Louie Pullen
Whats percentage of your net worth is in RE ?
Thought it would be interesting to see what everyones % of their net worth is in Real Estate.Also, how does your RE allocation break down (sfr, multi, debt, syndications, etc).I find it interesting that most wealth ad...
Wesley C.
Where do you keep cash reserves?
There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
Joe Roberts
BRRRR Investing Tax Questions
I have a few questions when it comes to calculating taxes on my BRRRR properties I am hoping someone can shed some light on.
1. I want to make sure from my research that I know how to properly arrive at the deprecia...
Carol Kotchek
1031 exchange what happens to the depreciation?
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...