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Updated over 6 years ago on .

User Stats

5
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0
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Isaias Aranda Jr
  • Investor
  • San Antonio, TX
0
Votes |
5
Posts

Series LLC Taxation Question

Isaias Aranda Jr
  • Investor
  • San Antonio, TX
Posted

Hello Fellow BigPocketters-

I'm Isaias, currently residing in San Antonio, TX. Fairly new to Bigger Pockets and already loving it. Great resource at your fingertips. My current situation is the following. I have 3 rental properties. Two fully paid off, the third is leveraged on a cash out refinance from one of my other rentals. Currently closing on my fourth rental property. This one I'm paying for with left over funds on the cash out and the rest from my savings. Went through a real estate attorney and in the process of setting up my series LLC. We're on the final stages of deeding over all the properties to the LLC. I wanted to inquire about how I need to file my taxes via the LLC now. I've always done it myself through HRBlock but I now I'm feeling a ltitle intimidated and seriously thinking of a CPA. ANY input, advice, suggestions? The LLC is just my wife and I as a disregarded entity, in Texas. Goal is to build our portfolio into early retirement.

Thanks in advance everyone!