Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...
Hey, everyone. My name's Jared and I live in DC. I'm in my mid-20s and have become interested in real estate investing through my main passion of financial independence. I must've read and listened to every post and p...
I recently acquired a 2 unit.
The first floor is a one bedroom about 6-700 SQ feet.
The second floor was a 1 br. However it has an attic that we are planning on converting to a br. Making it a 2 br unit.
I was ...
Hey BP,I've read a bunch of posts, and listened to a few podcasts relating to whether or not you should form an LLC for a property. There are arguments on both sides, and I'm still leaning towards creating one. I gu...
So I've been getting some really good advice on BP. My plans are to house hack for now to start off. My concern is I'm in Chicago and I see a lot of low cost 2 flat and 3 flat buildings in the west side area or areas...
I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...
In every Syndicated deal I have been involved in, the lender requires the equity partners to be vetted, and be a signer on the loan, if their overall ownership is above 20-25%.
1. I would like to hear a len...
Hi All!I'm about to close on my first property, a 4plex in Pittsburgh, Pa. Due to better mortgage rates I chose a conventional residential mortgage over commercial. Since the property will be in my name, not my LLC, s...
I recently completed my first investment purchase - a distressed home via auction.com. The previous owner was in the home when purchased and I have been battling with him in court since early May to get him out of t...
Hey guys, I got a deal, which would be my first- a foreclosure which has some equity, just needs some tlc. I made an offer with FHA financing because I plan to live in one unit but the offer got denied because the sel...