Michael Ramzy
To Incorporate or not to Incorporate? That is the question!
Hi Guys, I'm from Ontario canada and I'll be closing on a property in New York in the next few weeks. I'm not renting the property. It's going to be a second residency. It's less than $200k. So the question; what is t...
DJ Cummins
Forming a Partnership
So, this weekend my wife and I, plus our "partners"(her cousin and his wife) are all sitting down to discuss our plan for our first property. We are still in the beginning stages. We are going to talk about meeting ...
Ben Mendelsohn
First time landlord- nightmare scenario?
Hello, I am I first time landlord and just ran into what sounds like a big problem that I was really hoping someone could help advise me on. My tenant stated that she saw mold so I had someone come out to assess the p...
Shawn M.
Rent or Sell?
Mom owns a condo but due to health issues can no longer go up and down stairs (condo is on second floor). We are looking to rent a ground floor apartment for her near us. As for her condo we are debating on whethe...
Juan Turner
Fourplex Counteroffer Analysis - First Multifamily Investment
Hello BP,This is my first offer on a multifamily property. The property was built in 1988. I rate the neighborhood a B- or B. Each unit is a 2 bed/2 bath. Current rents are $550 each unit. All units are occupied. My o...
Shahdan Calcuttawalla
Partnership Tax Advice
123 N Shore Owned by Partner A worth $105,000123 Coffee Bedford owned by Partner B worth $55,000ABC LLC has $1500 in the Bank, Partner B 51% Partner A 49%. In company resolution is it passed that Partner B & Partn...
Seyi A.
Being Paid as a Contractor instead of a W2 Employee at a new job
I recently started my real estate investing adventure and, like most people, one of the challenges you encounter early on is financing. I'm not quite at the stage where I want to bring on investors, so I am relying o...
Rachel Lang
New investor ? On flooded rehabs
Hi BP community!New member here in Houston, tx. My husband and I are still in the research stage but growing more excited about buying our first flip house, utilizing the all cash plan.Question for you all...my local ...
Paul LaSpina
Documents needed for engaging a private money lender?
When initially engaging a private lender on a deal, what documents should be executed to:A- Get their commitmentB- Structure business arrangement/partnershipC- Transfer fundsD- transfer paymentsThank you in advance!
Duane Hundley
Payoff Rental On CC
I purchased a rental using a cc 0% for 12 months it's a low purchase price. So would you take your own money and try to pay it off in the 12 months? Or get a mortgage, so I can focus on the next deal? If you need more...