Background:I have a friend that wants to get into real estate investing. He offered me money (around 30k). He lives out of state. I have a 4 properties with 11 doors currently myself. My father sells real estate and I...
Let's assume the following
In OhioEach property is in an LLCEach LLC has a bank accountAll the LLC's are owned by a single parent LLCIf this above setup is what I put in place, can the tenants of each property pay re...
Hello everyone,Hope all is being safe during this crisis but still collecting checks. I’m looking to refinance my first BRRR SFR project. When purchased under the HML, using my Llc gave me better rates upfront. Now th...
A friend @AlisonK8 and I are considering a 50/50 partnership where I would fund a greater portion (or perhaps all) and they would apply for the loan based on their credit score. Many questions arise - where to set up ...
Currently own a STR cabin in Pigeon Forge that is being managed by a full service company for 20%. Looking to switch to self-management from out of state and want a local point of contact who can do things like verif...
Hi All,
I recently purchased a property in an Opportunity Zone. My broker told me that there would be no capital gains tax on the property if I hold it for ten years.
Now I’m seeing that for the capital gains tax to...
Hello BP,I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...
Hi everyone,I am about to go into contract on a 5 unit property with a family member who is a "disqualified person." Now as I understand it's ok to partner with a disqualified person but not to loan money to or from ...
Hello everyone--I bought a house in Virginia in cash jointly with my son 5 years ago. He lived in it for 3 years while attending college, and now I am considering transferring it into an LLC. The property has apprec...
Hi,I was born in Australia, and live here, and have dual citizenship with Europe. I am receiving 3 houses from my parent's estate on the 1st November 2015. I will need to set up a company with my 3 children and we wo...