Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Brandon Ribeiro

Brandon Ribeiro has started 60 posts and replied 207 times.

Post: Potential Partnership Structure

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

@Kerry Noble Jr he said he wants to figure out the capital gains tax before arriving at the net we each get. So I guess we would have to see a cpa about that

Post: Potential Partnership Structure

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

@Kerry Noble Jr can I just get my cut at the end of the project? 

Post: Potential Partnership Structure

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95
That is word for word what we have both agreed on. He would get 10% on his investment, then split the rest 50/50. I would also be getting the selling side of the commission since I’m an agent.

how would you handle capital gains tax in this situation?


Originally posted by @Kerry Noble Jr:

simple! offer him a preferred interest payment for using his money.......on the net....then split it 50/50.

so if he put up 100K.....

you net 100K....

lets say you offered him 10% on his money......after his initial investment was given....he would be owed 10K out of that 100k Net.....then it would leave 90K.....yaw would then split the 90k 50/50.......

so in the end he would have 55k.....and you would have 45k.......because you offered him 10% interest on his money

Post: Potential Partnership Structure

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

@Miller McSwain I agree. He proposed the idea of structuring it so that he gets 10% return on his total investment since he will be funding the entire deal- then we split the profits 50-50

Post: Potential Partnership Structure

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership?

Post: Flip Contractor Recommendation

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

Anyone have any recommendations for a good, fast contractor for flips in the Philly area? 

Post: Real Estate Attorney

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

Anyone have a good real estate attorney they would recommend in the philly/Montgomery county areas?

Post: Potential partnership help

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

@Anna Swartz-Lopez Thank you for your input! I will definitely try to find a good real estate attorney and get some ideas on how we can structure this. 

Post: Potential partnership help

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership? 

Would we need to sign anything? 

Post: Looking for advise on rental properties in Pennsylvania

Brandon Ribeiro
Posted
  • Real Estate Broker
  • Philadelphia, Pa
  • Posts 228
  • Votes 95

@Brett Weisman

I’m a licensed agent in PA currently working with a lot of investors from NY and NJ. I’d be happy to help you! Shoot me a message and we can connect!