All Forum Posts by: Wesley Smallwood

@Bill Brown yes Bill you're cou there to my knowledge so far I think I have to do the drywall, insulation, wiring, flooring, plumbing, HVAC, and base boards

@Chris Seveney thanks for responding Chris yes the numbers work however it's a little far to travel for me to do the rehab. I think to just sell as is may be my best option

Is this a good investment

JMU

No schedule E now what

Located within walking distance to James Madison University .

Restoration Just Completed on this Large (6) Bedroom House.

The perfect opportunity for airbnb, student housing or renting to two families, the 2800 sq. ft. house has  (2) common bath rooms and 1 common kitchen with 3 bedrooms upstairs 3 bedrooms downstairs and a office or study on second level. 

Private Parking Lot behind the house, washer & dryer provided and the rooms are already furnished

$575,000

I would love to find someone to manage, promote and book six airbnb units

I will definitely use the Attorney and CPA thanks for the advice Javi

Yes Daniel I have an investment property that I think is going to be a great long term hold and was thinking of offering two positions for equity partners.

I understand the way to go about this is to add both partners as members of the LLC and have monies settle and disbursed from escrow account

How to structure a deal adding equity partners into a single member entity