All Forum Posts by: Rennie K.

James,
Thanks for the clarification. Are there any benefits I can derive from this (cash) capital contribution that I made - in taxes or otherwise?

Thanks

Jon,
Thanks for the response. Understood the washout argument.
Need clarification on the second point - the IRA. By IRA you mean Individual Retirement Acct.? How does this capital contribution to the IRA work?

Thanks!

Hi All,
I am new to RE investing. I recently opened a LLC and purchased a single unit property (cash purchase). Goal is to have 4 or 5 units at the moment.
My question:
Is it ok to give out a loan (from my personal savings) to this LLC as start-up capital and charge interest from it?
What are the legal implications?
What are the tax implications?
Liability implications ?
Any input would be helpful.

Thanks!
Shaw