I would like to learn more about the use of an IRA for the purchase of buy and hold properties. Are these properties held in an LLC that your own or in your personal name? Can you use these funds for any property, whe...
Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
I just met with a woman at the rental. Her source of income was SSI + child support. As it turns out, they did not meet my minimum income requirement (3X monthly rent), so they didn't apply.
I've dealt with SSI befo...
Hi all, I am a young investor who has found myself in an odd situation. I recently came into a windfall and have a good amount of capital to distribute (over 200k). While this is a great position to be in, I don’t thi...
Which is best for buying & selling and/or flipping commercial real estate long-term, LLC or INC?
Hi Friends! My wife and I are San Diegans, and restaurateurs. We sold our home at the start of COVID with the hopes of buying either a multi-family in San Diego, or something "reasonable" in San Diego as well as an in...
Should I keep my cash flow in an account by itself or keep it in the same account that we collect rent money from and just leave the difference in from the mortgage?
partnershipTwo partners: one equity, one does everything else. Net of expenses, it's 50:50 split of profits or equity gained from the fixup. Equity determined at time of finish product, either at sale or at time we st...
Just curious if anyone has come across an operating agreement that speaks to the situation where one person is supplying the capital and one person is providing the services, finding property, placing tenants, etc. Wh...
Hi all...Sadly, a friend has seen both of her parents pass away in the past year and change. They were older and it was not unexpected. They left a will with my friend as the executor of the estate. There are three c...