All Forum Posts by: Stephanie Hardy
Stephanie Hardy has started 12 posts and replied 122 times.
Post: Partnership with brother-in-law? How to do it?
- Las Vegas, NV
- Posts 123
- Votes 34
@Jonathan Ortiz Wow! Lots of great information. Thank you! We actually have another business as an s-corp, so I am a little familiar with how that works. I appreciate the help.
Post: Partnership with brother-in-law? How to do it?
- Las Vegas, NV
- Posts 123
- Votes 34
@Brandon Hicks Thanks for the link. I'll have to read that thread to understand land contracts a little more.
Post: Wholesaler and Creative Finance Investor from Las vegas
- Las Vegas, NV
- Posts 123
- Votes 34
We are getting ready to make our first investment purchase this year. I'd love to know of any deals you have going on in the Las Vegas / Henderson area.
Welcome to BP! I'm new to REI, as well. I've really enjoyed the Free Course that Bigger Pockets offers that basically gives a low-down on a lot of questions beginners have.
https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing
Post: Partnership with brother-in-law? How to do it?
- Las Vegas, NV
- Posts 123
- Votes 34
Originally posted by @Brian Mathews:
Originally posted by @Stephanie Hardy:
@Brian Mathews Yeah, that's kind of the way I've been leaning...it's a tug of war because he could really help catapult us into the life we want to live faster. Maybe it wouldn't turn bad because it would really just be his money invested?
Also, another concern is the Las Vegas market. Cash flow is pretty low already, it seems, so having to split the profit 50/50 on a buy and hold wouldn't give either of us much at the end of each month.
It would be a shame for your husband to lose his brother over $100 profit a month. Remember one thing, no matter which version you read of the story. The tortoise always wins the race. I won't do business with family or friends in any way, shape, form or fashion. I love my family too much to lose my relationship over having a few more bucks in my pocket every month to buy things I don't need. Its just stuff.
Yeah. Thank you for the advice.
Post: Partnership with brother-in-law? How to do it?
- Las Vegas, NV
- Posts 123
- Votes 34
@Brian Mathews Yeah, that's kind of the way I've been leaning...it's a tug of war because he could really help catapult us into the life we want to live faster. Maybe it wouldn't turn bad because it would really just be his money invested?
Also, another concern is the Las Vegas market. Cash flow is pretty low already, it seems, so having to split the profit 50/50 on a buy and hold wouldn't give either of us much at the end of each month.
Post: Partnership with brother-in-law? How to do it?
- Las Vegas, NV
- Posts 123
- Votes 34
Thanks for the advice. I definitely want to make sure we are on the same page in writing! I would hate to ruin the relationship. I guess, too, I just wouldn't know what to pre-address so a RE attorney would be very helpful. Thank you.
Post: New member from Henderson, NV
- Las Vegas, NV
- Posts 123
- Votes 34
Welcome to BP! I am a REI newbie living in Las Vegas, but you are way ahead of the game already having basically a mentor your whole life. That is amazing.
Post: Las Vegas Meetup January 2016
- Las Vegas, NV
- Posts 123
- Votes 34
Originally posted by @Phillip Dwyer:
There is a fee for each meeting. The entire fee goes to the restaurant and staff. It covers the room fee, food, and gratuity.
Ok. Thank you.
Post: Real Estate Lawyer needed in Las Vegas
- Las Vegas, NV
- Posts 123
- Votes 34
I am hoping to speak with a RE Lawyer about a potential partnership with my brother-in-law. Does anyone have any recommendations? I don't see any on BP in my searches. Thank you for any help!