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Hello BP Community!
I have an investor who wants to act as a limited partner (in this case his LLC will provide 100% of the equity, he will get 50% of the profits along with 80-100% of any losses, and he will not tak...
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Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
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As most of us know, seniors are one of the fastest growing demographics in real estate. Are any of you investing in homes to be used as rentals in communities that are 55+ ? I'm referring to subdivisions or developmen...
I've had some success recently buying foreclosures at the steps and online through hud and auction.com, but I'm curious of any other auction houses yall know of out there that the banks are using. I found genesis acq...
I am working with my sister to find out the owner of a vacant house. She has tracked down the owner of the property, which we believe is now deceased. The legal entity that owns it is a trust, whose address is based o...
Hello,I'm lending a long time friend money on a house that we are going to flip. I've flipped in the past but not lately. I've flipped and I own a few properties, but I've never lent money. Its not going to be a ton o...
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My wife and I are helping our son buy a condo he will be living in. We are supplying the down payment and closing costs and he will be making all of the monthly payments. He will be the only one on the loan but we w...
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Purchasing a $1MM vacation condo and the Seller noticed that we're splitting the hefty $15,000 HOA Transfer Tax 50:50. He wants us to pay for all of it. He just caught this right before the loan docs are being drawn...
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What other strategies are there when your business partner can't qualify for life Insurance? We have an operating agreement and a buy and sell doc. This is a new partnership and not much equity in our 2 properties to ...
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These are the details given to me by a friend of a scam that happened to his friend (not recently):
- Friend of my friend buys a house from an 82 year old lady. There were terms but I don't know what they were other ...