Can someone please provide some reasons why a building owner, who has a nice building that is producing rent every month in a good area would ever sell. I do not understand why building owners that are in decent areas...
Exploring to participate in real estate multifamily deal as a Passive Co-GP. Co-GP who would not have any voting rights or management decision authority. The Co-GP will only bring in capital to participate. Should th...
Hey BPers,I just recently closed my first deal: a duplex in Oakland, CA where I am living in one unit and will rent the other. I also just put up a listing advertising the other unit, and got a quick response from som...
Terrified of running out of money in retirement? Countless people share the same fear. With so much recent discourse surrounding inflation and a looming recession, you may have a tighter grip on your money than usual....
Hi BP community! Hope all is well. Here is my question.I would like to check if it is possible for a LLC to issue (borrow) promissory note to an individual for the purpose of buying real estate. If so, can it be done ...
According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...
I saw a deed and mortgage where ownership was split 50/50 between a (new) LLC and an individual. Is their any particular advantage to this? Or was it just individual preference of the partners?My first thought was it ...
What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
Hello everyone, I am starting my short term rental journey. Currently, I only own one property with a mortage. Should I open an LLC or should I run it as individual? Furtheremore, If I open an LLC, am I required to ch...
Hey BP,Does anyone here have experience in submetering 5 unit townhome style apartment buildings. What'd a ballpark number be in terms of cost of installation. I may end up doing RUBS but in case I want to sell units ...