Rodney Smith
How do we utilize gift money / inheritance in REI
Hello everyone! So I have a question (really more of an accounting question) but since many of you are shockingly savvy and have been involved in many deals i'm hoping to glean some wisdom from people who have maybe b...
Amy Silva
Good opportunity that could go wrong
Hi, I have an opportunity to purchase my parents home for $500,000 in the Bay Area (Home could be sold for about 1.2 mill). Obviously, I would love the chance to get ahead of this crazy market, but there is some agree...
Joseph Wojciechowski
Scalable Business Planning
I am an investor located in Michigan and in the process of developing a business plan but am struggling to figure out how to set up my LLCs with scalability in mind. Below is a rough outline for both a buy/hold and fl...
Vinh Nguyen
Partnership with a friend
I am partnering up with a trusted friend. We recently had an offer accepted for $210K. Her parents were nice enough to pay the whole thing in cash. My question to you is how would I go about contributing the 50% of my...
Mike D.
college renters vs low income renters
I've read on here that many people think renting to college students is more challenging than renting to non-college students. Is this due to the turnover every year? I know they will be hard on the property and dama...
Ty Monroe
Renting a Duplex with parents, is this a good plan?
I am wanting to get a multiplex and be a landlord and OO. My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down p...
Jason Bruning
College Rental Leases
For renting to college students do you prefer the parents to co-sign the lease or be personal guarantors or some other option?
Ravi Rai
Getting parents to cosign a lease in a college town
Hi Guys,
We have agreed on a purchase price for a two family house in a college rental area and if the inspections goes well we will be buying our first investment property. I wanted to know if any of you have parents...
Anya Kotova
Opening bank account for child LLC
Hi everyone, I have opened a second LLC (child LLC) in Florida, owned by anonymous parent LLC in Wyoming (which is owned by me). I got stuck with opening a bank account for child Florida LLC. Got only one EIN that bel...
Ashley Abramson
Own property with a friend- Friend wants out HELP
My parents own a piece of recreational property (no house, but a bathroom/shower and a cabana) on a lake. They own the property with a friend. 50/50 owners. Unfortunately don't have any more details on the agreement (...