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All Forum Posts by: Juan Figueroa

Juan Figueroa has started 4 posts and replied 15 times.

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9
The property was purchased under the partners LLC. 

Quote from @Basit Siddiqi:

Partnership returns are due March 15th.

You mentioned creating an LLC prior to the purchase, is the property owned by the LLC?

Be mindful that the partnership return must be completed prior to the individual returns being completed.


Quote from @Stephen DeThample:

I like One Nevada Credit Union or RCG.

RCG

RCG is more flexible than the credit union for these types of loans.

@Stephen DeThample thanks so much, I plan to reach out. 

 Hello, 

I invest out of state.  Looking for some local bank recommendations in Las Vegas for possible  cash out refinance.  Property has had a tenant for the last  6 mo.  and they have a 1 year lease.  Used some hard money and need to refinance and get money out.   Any recommendations/ advice would be appreciated. 

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9

@Michael Plaks thanks so much for your explanation.  I definitely have some homework to do.  

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9

@Sean O'Keefe, thanks for taking the time to respond.  Really appreciate it.  Will touch with you. 

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9

@Ahad Ali, thanks for your reply.  I will reach out. 

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9

@Account Closed, thanks for your reply.  I completely agree.  Will reach out for more information. 

Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9
Quote from @Account Closed:

Hey Juan! I will say you should try to find someone who is reasonably priced and is able to grow with you over your investment journey. For instance, we work with real estate investors big and small for tax prep and advisory. A firm like this could help you grow and avoid making costly mistakes along the way! 


Post: New Investor Tax Help

Juan FigueroaPosted
  • Posts 15
  • Votes 9

 Hello, 

I am a new investor. Purchased a property in Vegas with a partner. I created a LLC prior to the purchase. Need help / advice on how take advantage of my using LLC for tax purposes. I am completely lost. I know that I am a little late for 2023, but have to start somewhere. What recommendations do you have? Any CPA recommendations for a small investor. I need some guidance and hopefully can still get some benefit for this upcoming tax season and better plan for 2024. Appreciate your advise and recommendations.