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I will hopefully be doing my first multifamily deal soon and am going to partner with someone I trust. He has the cash and I am bringing the deal. When we talked about potential profit splits, he said he could 1099 me...
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I’m purchasing a house to flip in Tennessee and I have a partner who will be funding the purchase of the property who lives in Florida. We’ve agreed that I will do the rehab and he the funding for a 50/50 split of the...
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I have an opportunity to invest in a crowdfunding, 50-unit opportunity with the following terms:- 8% preferred return- 25% net rental income- 50% profit upon sale Property management fee is 7%. Markup on maintenance ...
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Hi. If doing a house flip and spitting profits 50/50 (money/rehab work), are the profits spit after subtracting capital gains tax or before? Thanks!
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I currently own two properties with a partner. We purchased both properties in 2010 as a 50/50 split on both. The problem is I am the mortgage holder for one and he is the holder for the other. We are running all the ...
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Before the keyboard warriors jump in, please understand that I am in between Tax Advisors/Preparers so this is as much of a short-term need to get an answer, as well as a prelim interview Q as I source my new Advisor/...
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Hi There,I was talking to a friend of mine who was wondering if it was possible to purchase a Duplex together where they would get one unit and I would get another. Is this something that is possible?How does it work ...
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I am running a wholesaling operation right now generating about 20-30k a month. However, with three partners, we're doing all the work ourselves besides one VA. I'm making the jump to multifamily and want to go all in...
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Looking to get into owning rentals. Found some great duplexes in the greater Albany, NY area. Looking for advise on how to fund them with $0 out of pocket for a down payment. Any creative ideas out there?
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Hey all, I came across this online list of neighborhoods in KCMO ranked from 1-143. Reaching out to get some boots on the ground perspective as to accuracy of the list... I'm an OOS investor and have generally bought ...