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If my spouse doesn't want to be involved or have the business, and I form an LLC, will I have to be considered multi member because I am married? or can I form it as a single member?
Please advise.
Dana
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Hello Everyone. I'm so fortunate to have found this site.Well, Here is my situation. We recently purchased a 5 unit property in Schenectady, NY. The purchase was cash, so there is no debt or mortgage. The property is ...
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I'm sure some of you have run into this before. A property I purchased in an amazing neighborhood has garnered some interest already (before even starting on any work) from friends/colleagues of friends. One in partic...
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Hello everyone. I wanted to first say thank you for all this great info on the forum. I have learned a good deal about wholesale RE in just one day.
Now to my questions.
1. I have a Brokers license and reside in C...
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Hello, everyone! My name is CJ and I live in DuPage County, ILLINOIS. I am recently retired and have been researching the house flipping real estate business for the past several months and am very anxious to get star...
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Looking for input and suggestions on the fairest (?most fair?) way to split a deal with my partner/cousin on a property.Some things that may be relevant:- It's an auction about 1/10th of a mile from my own home.- He's...
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Hello, I'm just curious if anyone has had luck with structuring a partnership for BRRR investing, especially in the S.Texas area. I'm intrigued by the idea of utilizing BRRR but I'd prefer to partner with someone who...
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I'm getting mixed responses from lenders on a cash out refi on a property I own outright in WV. It should appraise for about $75K and I'd like to get $50-60K out of it, 30 year/fixed, Fannie/Freddie. I've been turned ...
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I came across a three bedrooms, two bath single family property that I believe needs about 30k in rehab. The seller bought the house at auction but do not want to deal with it right now because he got other properties...
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Hello BP Community!
We have recently acquired a six unit apartment building in Memphis, which is our largest acquisition to date (we also have four SFRs). I want to know the best way to protect my assets. I keep gett...