All Forum Posts by: Eduardo Sagues

Hi, I'm looking for a GC that helps me with some rehab I need to do on an investment property I'm buying in Martinez, GA (Augusta area). Minor cosmetics, paint, landscape, remodel baths and kitchen etc. Any investor in the Augusta area has some recommendations?

Thanks!

Got it. that makes sense. Thanks Nate. I was indeed referring to my 50% share

Thanks Kory! This answers my question. We do file married jointly.

Excellent article  Thanks Julio

True, and I am doing that, but I have received in the past conflicting information sometimes from lawyers and CPAs. In any case I really appreciate your answers on my questions. Thanks Sean!

Thanks, Both me and my partners will be on the loan. Bank approved it already. My question is what type of ownership would be the one I should choose so to create unequal interest between the 3 of us (since the 3 will be on title) but I will have 50% of the ownership, not 33%. My assumption is Tenancy in Common which allows unequal interest is my understanding. I’m also consulting with title on this but I wanted to get the BP community thoughts.

Thanks 

Thanks all for your replies!

I know there are implications by doing a cost seg (I’ve been involved in a few through my job), but my question was more whether I could do it with a property under my personal name (not sure why I thought that wasn’t possible - not a CPA), and I’m clear now. Thanks again

Hi, My friend and I want to buy a property in partnership 50/50 (not under an LLC so we can use conventional loan). He wants to invest his 50% with his wife. My understanding is that if the three of us show on the title, technically the ownership is divided by 3 and instead of me having a 50%, I would have a 33 (although I may be wrong)

What title structure we should use so I'm 50%?

Thanks 

Hi, I'm buying a rental in GA with a partner. Both names on the title. We will remodel it and hold. The property is under our name, not under an LLC. Can I do a cost segregation study?

thanks

Hi, I'm buying a rental property in GA with a partner 50/50. Both names on the title. My wife can qualify as a real estate professional. She will not be on the title but we file jointly. Is there any issue when using the Real Estate Professional deductions with the fact that I co-own the property with a partner. My assumption would be that I can use the deductions for my 50% share of the property.

Thanks