All Forum Posts by: Nick Murray

Hey all!

I am full of questions, and I truly do appreciate everyones time and effort in their responses thus far; BP really is an awesome community! Ok so onto the question:

• 
  Let's say I am purchasing a single family home for $600k using seller financing. With this, I have two options one being put it under my personal SSN, or use my LLC to secure the deal (both are on the table with the seller as they have no preference). Does one option have more pros than cons as far as taxes and business expenses etc.? As my LLC is a Real Estate business and I am wondering if there's a specific way to structure it that would be more advantageous.

Thanks again everyone!

Welcome to BP! Some good info here too, good luck to you! 

Thank you for your response! There are a lot of moving parts and things that I am unaware of, so I have reached out to find a CPA and was referred to one in my area.

I appreciate the response and the information you shared. Thank you!

Brian -- thank you for your response. That does make a lot of sense, full disclosure I had to Google some of the acronyms that you used, but it is certainly good information thank you!

I made an appointment with a CPA in my area to discuss this, amongst other things! So thank you for your advice!

@Anthony Smoke congrats on your first! I’m currently working on finding my first as well. Thanks for sharing and look forward to hearing about more of your successes

Yes, i saw that during my research as well. Definitely helps the system make more sense

@Tim Bradley thanks for the reply, great info. The numbers really seem to work out, especially with the tax incentives! Thanks again!

Hey all, 

I have an LLC and I was taking over a healthy sized real estate syndicate (Realty Shares) holding. I have the forms to fill out, so it becomes under my ownership but my debate is between doing it under my personal social or my EIN for my LLC and using it as an asset to the business. I am assuming that the dividends/payout would be classified as business earnings?

Relatively new, my vernacular may be off but am just looking for some guidance or pros/cons of each direction! Thank you all in advance

Hey all, 

I have an LLC and I was taking over a healthy sized real estate syndicate (Realty Shares) holding. I have the forms to fill out, so it becomes under my ownership but my debate is between doing it under my personal social or my EIN for my LLC and using it as an asset to the business. I am assuming that the dividends/payout would be classified as business earnings?

Relatively new, my vernacular may be off but am just looking for some guidance or pros/cons of each direction! Thank you all in advance

@John Cornelius always a great idea... however, as someone who’s been in the industry for 20 years I’m just going to tell you, you 100% get what you pay for.

I’ve done a bit of private chef work in my career so I’m familiar, but it’s definitely a great time saver and instill a solid level of consistency with what you eat which can improve your quality of life immensely.

Full disclosure, I have no read all the replies but if you’d like some help potentially vetting a chef, it’s what I do for my day job shoot me a message I would be happy to help!

Best of luck!