Justin Johnson
Investing With Help From Others
Hello, BP!
I have read about getting others to help you with investing in properties, but I'm a little shaky on the concept. Recently, I've had several people tell me that they would like to invest with me, so I am ...
Brian Whetstone
Agreement related to ownership
Hello!I have a question/advice from this trusted community. Went into partnership with a person last year on a triplex. He qualified and holds the loan. Mid last year He wanted out of the deal completely for personal ...
Neddie Smith
Partnership Income / Deduction Split
Hi BP. I have a feeling this will be a stupid question but here it goes.I have a partner who only wants the tax benefits of real estate and is not concerned about the property income. Is it possible to purchase real e...
Adam Ulery
Advantages to women and minority owned business?
Hi BP Community, I'm just getting started and plan to form my company soon. I heard someone on a BP podcast mention an advantage of his wife owning 51% of their real estate business, but he didn't elaborate. I am thin...
Justin Dragon
Splitting Sale Income between Partners
Afternoon all!
I am about to close on the sale of my rental property, which I own with another party (50/50 ownership). I have managed the property and the relationship with the Property Management team for the past ...
Jordan Santiago
HOW TO SPLIT RENTAL INCOME
Hey BP,
I am starting to acquire a lot of rental units with my partner, and I wanted to see what the community has to say to a couple of my questions.
1. Do you use a software/system with your property manager to ke...
Daniel G Blais
NEED HELP: Splitting profits on rental property.
Ok, here is my situation. My father and I have started real estate investing. He has put forth the capital and I have done the leg work. We have not set up an LLC or Corporation. The property is in his name only. ...
Tamara Dioubate
Creating a partnership for a limited time only
I'm working on forming an LLC with someone. They found a great multi-family property but doesn't have the credit history to make the purchase so my husband and I are guaranteeing the loan. We are going to be working ...
Andrew Kniffin
Legal Structure to maximize depreciation
Imagine 2 investors wish to buy 50-50 a large multifamily:Investor A is in the 39.6% marginal income tax bracket. Investor B is in the 15% marginal income tax bracket. Each dollar of depreciation is thus more valuabl...
Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...