Chandler Ludwick
LLC, LP, or Other for Group
I have 4 friends and we want to pool our resources together and purchase rental properties in the city we all went to college together in (focused on student housing). All split equally down payments and returns. We w...
Katie Deskins
Advice on best strategy for documenting rehab process
I am closing on my first investment property on June 7th and need the BP community's advice on how best to document the rehab process. This will be the primary residence for myself, my husband, and 2 kids and it is a ...
Mary McGinty
Phoenix duplex added to my real estate portfolio
Investment Info:
Small multi-family (2-4 units) hard money loan investment.
Purchase price: $620,000
Cash invested: $145,000
New construction duplex build in 2022. Each unit is a 2 bed, 1 bath with...
Ben Wagner
Quickbooks configuration for flipping multiple properties
I am looking for some insight into how others are tracking their finances for doing multiple flips. We are currently using a custom-built system to track receipts and expenses by property, but are considering switchin...
Matt Porter
Distributing Equity When You Put No Money Down.
Let's say I want to buy a 16 unit apartment building and have absolutely no money. It cost $3million and $300k is needed to put down. I partner with 3 other people and they each put $100k down. What's a common way dis...
Keith Linne
Deal Analysis Feedback for 1st Rental Property (MN duplex)
Hi Everyone!I've been lurking on Bigger Pockets for a year or so, and cannot praise the site, and everyone's input/discussion, enough. It has been an incredible learning tool, and has really helped expand my overall k...
Yariel Levin
New Investor trying to Estimate Maintenance/Repair Costs
Hi I am a new investor in the Philadelphia area. I found a triplex approx. 3k sq ft total -(2bed/1bath each unit) built in the early 1900s and began running the numbers on it. The property has a relatively new roof (&...
Andrew Robbins
What's a fair split with a partner who doesn't intend to help?
Two questions here:1) A friend wants to invest with me and doesn't just want interest for the money he's putting up, but rather to reap the benefit (or suffer the loss) of the venture. We both know up front that I'm ...
John Hastings
LLc in different states
New investor here and question I had was my LLC will be based in pa if I buy rental property in other states and want them under my LLC do I need to have the LLC for that said state I would love to follow the market i...
Justin Coulson
Flipping With a Partner
Hello, I’m flipping my first house with a partner. Close on it next week. We are paying for the house and renovations with cash and looking for advice on how to keep track of all the renovation costs since we will be ...