David Y M.
How to Do Real Estate Partnership without 1065
I've read that you can file real estate partnerships without actually filing a 1065."The IRS and the courts have stated that mere co-ownership, rental, and maintenance of real property does not create a partnership fo...
Carl Crump
Syndication deals network and partners
Hello BP,I have been investing for a few years now mostly in flips and wholesaling. I have been looking into syndication for a while and now am ready to move forward. I am looking to get started with a 20-50 unit ap...
William Kwong
Permit Nightmare for Rehab - Halpppp -.-
So I have been trying to "START" my gut job renovations on my rental. I've heard from my contractor that specifically Jersey City in New Jersey is one of the MOST DIFFICULT cities to deal with going through the permit...
Dario Contreras
Thoughts from the Seasoned BP investors/mentors pls...
So here is the situation:I'm retiring from the military next year and can't really figure out what to spend my GI Bill (education benefits) on. I could pursue a Business degree or I could use my benefits to enter an ...
Shayne Fee
PMI problems! Is this BS?
I hate surprises.I have always been told, get to 80% loan to value and you can remove your PMI. I'm there.I call my mortgage servicer and say I'd like to remove my PMI and they say nope! Got to be at 75% LTV! What!? I...
Victor Noriega
First Successful Land Flip
Hi BiggerPockets,My wife and I would like to share our first successful land flip. The deal:Purchased the property for $3000 paid the back taxes of $2200 and the closing costs were ~$700, so total investment was $590...
Kenneth Lowry
Tips for newbie attending local RE group meeting?
I am brand new to real estate investing. I am interested in flipping houses. Tomorrow night I am attending my local REIA meeting where they are having a presentation that is all about flipping houses. It says the r...
Sanjay Raj
Strategies for a kitty of 2M
We have around $2million kitty (little less than that).We have done investments before but they were around 60-70k, so this amount is way more than what have handled before.We still hold the previous investments but w...
Sean Salandy
Burning Bridges With Banks After Refinancing?
I am planning to purchase rental properties by using a HELOC on my primary for the down payment. The goal is to then refinance the new rental property after about 6 months then rinse and repeat. My question is, would...
Dana Regan
Can one of my LLCs loan my other LLC money?
I currently have an LLC for my consulting business (not real estate) and want to loan my real estate LLc money for purchase and renovations. Is this allowed? Or do I need to make a disbursement to myself to fund the...