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Hi,
I have been partners with my brother for the last 5 years on real estate investing. We own 8 units. Our partnership is a little complex:
- We both split the down payments 50/50
- We both own 50% of each prope...
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Hey BP Members! I am utilizing the BP Landlord Forum for my most recent property and came across the section that designates the amount of insurance the tenant needs, and I'm unsure on how to determine the amount. Can...
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Hello all, any advice or help is very much appreciated. We purchased a property that was registered land and we rehabbed it, put it on the market and are set to close Monday. Called our attorney today and was told t...
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I am a Canadian investing in the US and the time has come to do the taxes. I have researched intensively the ins and outs of US taxation by reading and speaking to accountants. Filing can be accomplished in one of two...
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Do you necessarily need a promissory note if you file a mortgage? Say for example, I lend someone $5,000 on a free & clear house (listed for sale with a Realtor) and file a mortgage for $10,000 once the house sel...
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Hi All, I would like to get some help on how to best achieve my goal of flipping a property with the lowest possible tax burden. I recently bought a home, and I had plan to resell it, until, a friend mentioned someth...
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A couple years ago, I bought and re-positioned a small MFR property. I allowed two extended family members to participate and invest some capital in exchange for a minority share of the property. This was documented...
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Hey everyone,Well, I have finally transitioned from the analysis stage to the 'doing' stage. Yesterday I made my first trip to the courthouse to get my feet wet. I went in and requested to have access to the probate f...
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Hello everyone,So my business partners and I are thinking of starting an S Corp vs an LLC that can be taxed as an S corp. I just wanted to ask what are some of the benfits tax wise and if someone can send me a contac...
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I am not an investor, well, not an investor of real estate property. My question is along the foreclosure line and seeking the right answers and/or information. So, I inherited my father's assets when he passed in Mar...