Michael Rinaldi
Buying out family member of paid off house
Hello all, 1st time posting. Learning as much as I can as quickly as possible to get started in REI, but I have a family scenario / question for all the experts out there. My mother inherited 1/4 of a paid off lake ho...
Grace Navera
[Calc Review] Neighbor looking to sell
Hi!I'm an aspiring RE investor and my neighbor is looking to sell. Back in September, they were thinking $75k asking price. They weren't ready to sell at that time. They've done some repairs since then - most notabl...
Nate Grabner
Accountant recommendations, House Hacking and Crypto
Like the title says, I'm looking for recommendations on accountants. I purchased my first House Hack this year (2 flat in Avondale), and did a decent sized renovation as part of it. In addition to my W2, I also bring ...
Joel Florian
Tax deed bare land in Wasilla
Investment Info:
Other other investment.
Purchase price: $7,000
Cash invested: $7,000
Sale price: $16,000
I purchased the bare land at a tax deed auction. Cleaned it up, paid for a survey, chase...
Jan Paikin
Lease to own, “subletting” a STR
Hi team Pockets,We are in early discussion with a Seller to do a lease-to-own Seller Financed deal on their 3-unit property. They want to stay in their unit for 5 years and we are ok with that. From a business forma...
Simon Li
Setting up a Partnership Agreement - Fair clause for buy-out?
BackgroundMy Real Estate Partner and I are looking to set up a partnership agreement for our first ever Real Estate investments. Biggest advice we've received is to have a fair Dissolution of Partnership / Partner Buy...
Johnny Situ
Tax benefit for primary residence in SC
Hi BP folks,
I am planning to transfer part of the ownership of a rental property in SC under my parent's name, so that they could live there and be able to claim it as their primary residence. My question is, if th...
John Dombrowski
Renovation Realty in San Diego
Anyone in SD seen this commercial on TV. They say they renovate your house and sell it for you and get paid after it sells. Does this sound any good for potential flippers? We pay for the house and they pay for the re...
Jeffrey Ward
Pre-Existing Option Contract On Rental
How does it work when you buy an investment property where the previous owner had an option to sell contract with the current tenant? Will the consideration payment be paid forward to me and then I am short an option ...
Brock Roorda
Record Owner Finance Land Sale in Quickbooks
Hello,We had some land that we purchased earlier this year and went through the platting process with the county to subdivide. We sold a few parcels off already in a traditional fashion but I have one that has me scr...