I had a partnership proposed to me by an acquaintance in regards to buying and holding rentals. SFH and small MF. He is largely wanting to be a money partner for tax benefits. He needs some tax write-offs and I need c...
How do most investors with partners handle this?
Hi we are on verge of closing our #1 Turnkey rental in Maple heights Cleveland Area, Price: 56900, Area: 1160 Sq ft, 3 bed 1 bath, Rent 850 to 900 per month, Management Fees: 10 percent , Taxes: 500, Insurance: 600So ...
Hi This is Jie from Fremont of Bay Area. I'm new here on BP. I hope I could find out BP before I invested. There are so many discussions and good advice on the forum.I actually invested 2 properties in Antioch/Pittsbu...
Hi
I am doing due diligence on a property and I see that the owner is showing only about 1/3rd of the annual rents that he is claiming that he is making. he is also managing the property himself. Have you had similar...
I've identified a distressed seller of a multi-family, but I can't quite scrape up the 25% to get the commercial loan. The seller owns the building in the name of XYZ LLC, and doesn't own any other properties.I was c...
My accountant emailed a couple weeks ago and said that the 2016 1099s have to be filed to the IRS by the end of February.However, I found an IRS website and Intuit website that says as of this year that the form needs...
Hello. I just started learning about REI last week and I've decided to do it. Lots to learn. I'm in Los Angeles County, CA.Let's say I see a property I would like to buy or wholesale. How do I get the correct address ...
I have been reading, listening to podcasts, audio books, jumped on a ton of forums, asking everyone I come into contact with who is involved with real estate investments and even gone as far as to start taking some on...
Hi BP, So I can't find much info on this but is there anyway to use my employee contributions from my normal full time w2 job to fund a SOLO 401k or SD IRA under my REI LLC umbrella? If not by funding directly, can I...