Sean Imfeld
Ways to Unequally Split Profits?
So here's the deal: My mother (the money) and I would like to buy some properties together, with any rent profits distributed unequally to us both (let's say 90/10 in favor of my mother), with the understanding that ...
Breland Almadova
Home Investor Scenario HELP
Help!!! What would be the correct way to handle this scenario?
I buy a property ($200k) using a conventional loan. All closing cost are $40k. My name is on the loan for $160k mortgage. Furnishing house is $2000. So t...
Brandon Elliott-Pandey
How to get money out of your 1031 exchange! LEGALLY :-P
I had a thought the other day and after asking around from a handful of agents, seems like this is possible. I am a REALTOR and have property that I am interested in 1031'ing. If I pay a buyers agent fee and sellers a...
Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
Pete S.
“Industry standards” in the note industry & JV partnerships
Hello all BP members, I was looking to get some opinions/ ideas on what a few industry standards are in the note space. I am currently looking at working with a particular company in the NPL 2nd space. They offer a me...
Aaron S.
Co-Ownership and Taxes: Who gets to claim mortgage interest, depreciation etc?
In 2022 I bought a single family home with a VA loan. I house hacked with my partner paying half of the monthly expenses. We also had 2 roommates and we split the rental income from them every month.After a couple of ...
Ryan O.
SCorp Unequal Capital Contributions
I have an LLC with a partner that is currently being taxed as a partnership. We are considering electing sub-chapter S status for 2013 to help save SE tax, we are in the business of flipping.
Currently we have an ...
Nicholas Katsandoins
How to split ownership with varying initial investment.
I am hopefully soon to purchase a duplex at 400K. I will put down the 15% down payment and my partner (who I have because I need one in order to get a loan due to debt to income ratio) will put down nothing. I have he...
Kane Albarron
Managing income on a multi-owner property without LLC
Hi all, I've been reading these forums a lot the past few months, and have sort of gotten to a point where I am lost and need some extra help. Some background: I purchased a rental property 6 months ago with my partne...
Greg Parker
JV structure with son-in-law who is contractor
Hi team,I am an investor in the Pittsburgh market - currently holding a few duplexes. My son-in-law is a contractor and we are going to set up a JV company to allow us to scale up and use BP's buy-rehab-refi-repeat s...