David Reardon
Real Estate Partners LLC Tax Return Questions
I have a 50/50 partner in an LLC and we are rehabbing a home with an upstairs and downstairs unit. We have been renting the garage to a guy for storage and have $1250 in income for 2019, and have put about $30,000 in...
Rusty Pollard
Raising Money for Syndication--Do They Need to be Part of the GP?
Hi BP Nation,My question is fairly simple. I am part of a team who is just getting things together for a project where we need to raise $2m for the land and an additional $5m for the equity portion on an apartment bui...
Lior Golan
Sending tax documents on an LLC incorporated 2 weeks before 2020
Hello Everyone,A few months ago I entered into the whole world of investing in Rentals and because I want to have more than just 2-3 properties in my portfolio in the next years, I decided to establish an LLC.I establ...
Pete Storseth
Newbies and gurus, doomed
Ok, so every thread I've seen about gurus mentioned I have actually heard of start with a new wantrepenueur asking "has anyone ever bought the mentorship or course from 'x' I have recently signed up for?"After a serie...
N/A N/A
Mistakes of Experienced Commercial
These are fatal errors. An investor who chronically makes these mistakes will not long be an investor.
The common mistakes made by experienced investors are a bit more subtle, but are perhaps even more damaging becau...
Lamontis Gardner
Single Member LLC vs Multi Member
Me and my wife have set up an LLC, and while applying for the EIN I was prompted to switch to a multi member LLC. Being that it's just me and my wife, should this be an option for us or should we run it as a single me...
Derrick E.
$11,000 House with video (27% ROI)
Hello guys,As some of you know I'm not a normal RE Investor. I invest strictly for cash flow and buy CHEAP homes all the time. This is currently my cheapest one, but I'm hoping to get the next one even cheaper. Alread...
Drawyan Zhang
Asking For Advice On A Flip Candidate
Here is a deal I see and can't figure out whether to flip it or not, is it too risky? Assuming the numbers are all correct.1. The house is located in an A+ area, best schools, after repair value / neighbor price is ar...
Steven Kleppin
Syndication to nonaccredited or sophisticated investors
Hello. I want to start to syndicate and I have several family and friends who are interested in investing in me. I also hear many times on the podcasts that people go to friends and family to raise money on their earl...
Kristopher Kyzar
Can property purchases with IRA be financed out of IRA?
If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? What ru...