Amy O'Shea
Exit strategy for partnership
I have a tax question regarding the exit of 1 of 3 partners from a real estate partnership and would really appreciate any input:ABC Realty (a general partnership) has 3 equal equity partners (A, B & C). ABC Realt...
Sam Leon
Renting to roommates in a SFR
Is it just me or does anyone else have more problems when renting to multiple roommates sharing a single family home? For example, renting to 4 people in a 4BR house?This is not a college student rental scenerio.I kn...
David Moore
Should I lease to 3 individuals when 1 doesn't qualify?
I've received an application from 3 individuals who live together. The first two are a couple with a baby and would qualify for the home individually (each income separately is more than 3x monthly rent, etc.). The...
Benjamin Giles
Hold first properties as individual or quitclaim to LLC
It seems that there is currently more financing available to LLC's than there are to individual investors at the moment. These were cash deals and I currently own both outright and have not refinanced yet.
Should I q...
Shanz Lockett
What Kind of NYS Real Estate License Do I Apply For?
I am an Attorney in NY State and I am interested in starting a company to flip houses. I see that there are several different options for the type of license that I can apply for; individual, limited liability compan...
Jason Bogert
New to real estate investment. Questions concerning potential properties in OrlandoFL
So my girlfriend and I have been tasked to locate a property in Florida to purchase. Background info is my girlfriend and her family have done some smaller real estate deals in Columbia, SC (They own 5 or 6 rooms in a...
Ryan Clevenger
Conventional Loan: Should I be honest?
I've started the process of talking to brokers about getting a conventional loan(preferably FHA) to do my first flip and I'm straight up with them by telling them I attend to flip the house as soon as possible. A cou...
Matthew Will
EIN and Checkbook IRA LLC
I have created a Checkbook IRA LLC. BackgroundI have formed a Single Member LLC (SMLLC) with the sole member being the CUSTODIAN FBO ME IRA. The SMLLC has a checkbook and EIN. My goal is to invest in Private Equity ...
Adrian Chapman
Brand new. Should I start an LLC for rentals and flips? Is having a partner beneficial?
Hi everyone. Really glad I found this site. I am NEW to the game and haven't quite taken the dive yet, but want to make the plunge soon. I have ready several books, been through the buying process along with friends a...
James G.
Equity Partner
Regarding private equity partners. I've made several RE flip investments individually and with partners. I've worked with investors in the past on a 50/50 basis in which I provided the knowledge and sweat equity while...