All Forum Posts by: Daniel Hart

Perhaps we could buy properties together and I take the income and he takes the depreciation, and then down the road he takes his profits when we sell the house?

Ellis, its hard to find a CPA that is willing to get creative like this. They usually can only suggest funding all of the available retirement accounts that create tax deductions.

My lender has already utilized his tax deferred accounts. He usually lends on my long term holds.

I don't think monthly payments really matter, he just wants a good return

Any ideas? Partnerships, JV, paying him dividends?

Don, I agree. He's frugal and won't hire one yet. He wants me to figure it out for him. If I can do that I get more funding. That's the deal.

Jimmy, how would that help him? I was under the impression that C corps experienced double taxation. I know that Delaware has no state income tax, but I don't think my lender would be able avoid federal income tax on his short term gains. Correct me if I am wrong..

My private lender is tired of getting 10% from me because he is a high income earner and with NY taxes he's losing half of what I pay him. He feels he nets closer to 5% with me. He is willing to be creative in any legal way necessary in order to receive his income from me as a long term gain. He is willing to lend a lot more money, and for a long time, if I can solve this problem. I mainly use his money to hold rentals long term.

Does anyone have any ideas how to accomplish something like this? I prefer not to give away part of the ownership in the properties I'm buying, but it's the only thing I can think of right now..

Anybody?

Anyone else have any experience with making contributions before you've claimed payroll?

Have you seen this happen to someone?