Randy Wieland
LLC 1031 exchange after divorce
My wife and I have an LLC. We divorced last year. We are in a community property state. The rental proceeds have been claimed as regular income on our 1040's. We want to sell one of the two remaining properties in the...
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 ...
Pradeep Bhatia
Accountant did not file our taxes in the past 6 years
My partner called me a week ago to inform me he spoke with our accountant and to his shock our company taxes were never filed since 2015. We met this accountant through our meditation centre when we were in Florida in...
Brent Wood
Hurricane Ian Investing - Fort Myers, FL and All of SWFL
Hello fellow investors! I live in "ground zero" of Hurricane Ian and am finding a TON of properties for people who want to take their insurance money and run! They are selling them AS IS (obviously), but the property ...
Clarence Browne
Do you typically give a profit split to your PML?
Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split. I do see instances where joint ventures may be up to 50/50 p...
Aundrea Newbern
Helpful tips for residential lease
All,What are the most useful things you put in a residential lease? I have heard some very neat tips over the years that I have adopted and am VERY grateful for as they have vastly improved my lease. I'll start - I ha...
Carl Ohai
Zillow/Trulia/Realtor Cost Per Lead?
I am trying to learn about lead sources for real estate agents. Can anybody provide some insights on what the various RE-specific online lead sources cost in their area?
Account Closed
Life Changes! Advice Welcome, Contacts Needed to Buy a House
Hey guys!This is going to be a long one, so bear with me here! My background is in engineering. I have worked at 3M in St. Paul MN for the last 3 years, and really enjoyed my job and made an amazing salary. I went thr...
Sidney Johnson
Dilemma deciding if this is a good deal or not!
Hello BP community! I'm stuck in a dilemma trying to decide if this is a good deal or not, and should I go through with the purchase.I came across a property that is for sale for 50K, the city has it accessed at $46,5...
Dante Williams
Question on Partnering Up
Hi fellow BP members. I have a question about partnering up with an experienced GC/Investor. I've been wholesaling since 2012 and I'm ready to take the leap into fix and flip. However, I have no construction experienc...