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@Jon Holdman, would you recommend some type of "Partner Agreement"? is there something out there...general contract form a lay person could write up and have hold up in court? ps love this site!
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Does the 1% rule get calculated from a home’s pre-rehab price or should it be 1% of the total (purchase price + rehab costs)?Ex. 1. I buy a house for $60k. Rent would be $800. That works.Ex. 2. I buy a house for $75k ...
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Hello BP! After being fully “leased up” on my first multifamily property, I’m thinking about my next one. There’s two strategies that are running through my head. First: buy another multifamily property and FHA (or 5%...
2 years ago my partner decided to try one of our apartments as a short term stay also known as bed and breakfast. We took one of our models and listed it on BnB websites, once we started to get people, he decided t...
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Hi Big Pockets - especially those of you in Ontario, We have a SFR in the States and when we returned to Canada (Ontario) we bought a house in London with an income suite that we rent out. Now we want to buy a multifa...
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I had a calm today with Royal Legal solutions as I own three businesses in California and need to move them to a trust and start shielding myself and succession plan as well. They seem very expensive and I’m not sure ...
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Investment Info:
Large multi-family (5+ units) other investment.
Purchase price: $300,000
Cash invested: $75,000
Live in fix and flip of a demolition house on a quarter acre in the path of progress i...
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Hey, BP collective. I'm looking for some advice on my situation.Said situation: My wife and I own a SFH, that we bought in 2015, before we got into real estate investing. We've since moved out and now rent out the pro...
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Hi EveryoneThe last year or so I've been digging into the podcasts and forums, talking to friends, and scanning my neighborhoods. After listening to enough people on the podcast say get started already, the restlessne...
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Anyone have experience designating your LLC (RE rental income/loss) as a qualified joint venture? I am interested in reading all pros and cons of QJV vs. S-Corp, apart from level of complexity of tax returns. Accounta...