Drew Dim
Spec Build - should LLC file under S-corp?
so I've filtered through the archives and didnt see an exact fit to my question so here goes.I have a lot that will have potentially 3 spec homes build on them. The 1st is under way and will be completed Jan/Feb of 20...
Jonathan Wishnia
Newbie from NJ (North/Central)
Hi all! I'm Jon. By day (and night, often enough), I'm a mortgage and structured finance attorney (secondary market bulk finance and conduit work, not individual properties or mortgages). A couple of my law partners a...
Gino Exantus
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Garrett Jacks
Lease Option Assignment-- When and how do I get my fee?
Dear BP,
Thanks to you, I've got my first deal in the making. The seller and I have signed contracts for a 1 year lease option, and I will be assigning the deal to a tenant buyer. The non-refundable option p...
Rhys Royales
Can an End Buyer put a lien for "Executed Labor"?
I have assigned a contract in Maryland to an end buyer for a property owned by a foreign family that needs to get an ITIN and FIRPTA from the IRS. I have expressed upfront to the end buyer that the closing process co...
Sandeep Reddy
Rent or Sell Or Continue Occupy
Hello All -I have scenario and want your experienced suggestion.We own a Condo in Garfield, NJ (Bought 2016) with Payments $2200 (P + I + T + Insu) + $335 HOA = $ 2535/Month. And if we rent this condo it would go for...
David M.
Financing newly cash purchased property
We sold an investment property and put $ in 1031. We have a deal part 1031, part cash, for two triplexes. Would a bank finance one triplex 30-40% with $2300 rent income so we could finance renovations to the other 3...
Tyson Scheutze
What to Expect When Inspecting
In my last post, we discussed home variability and how a lack of uniformity contributes to challenges in property renovations. Equally important to the initial renovation process are the initial inspections and then t...
Gustavo Tellez
Down payment amount
Hello, I was wondering what’s a good amount of money to have on hand to use as a down payment to start my investing journey. I can’t house hack and am looking towards SFR, either a brrrr or turnkey. Depending on how m...
Sean S.
LLC Operating Agreement Question about Capital Interests
Hello All,
I am currently completing the paperwork for my LLC. I am splitting the LLC 49(me)/51(partner) with a partner that will be able to acquire sign the personal guarantee since he owns the majority of the LLC i...