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29 April 2024 | 4 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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30 April 2024 | 37 replies
If in an LLC - it doesn't really matter who gets the loan then since the borrower on the DSCR Loan will be the LLC entity - not either you or your wife as an individual.DSCR Lenders can vary by treatment of who is required to guaranty the loan (generally around 25% ownership, >51% total) and which credit score is used for qualifying
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29 April 2024 | 7 replies
Using a 1031 exchange property to fund a charitable remainder trust will let you keep deferring capital gains (as no tax will be due on the sale of the property by the trust) since it's a charitable entity.
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1 May 2024 | 38 replies
EXP as a brokerage is held within eXp holdings which has a ton of different entities under that umbrella, that is what the agents get a share of from working with eXp.
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28 April 2024 | 20 replies
So 90% of people who are moving the property into an entity are for all intents and purposes, uninsured.
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29 April 2024 | 8 replies
Split it down the middle and work it like a true partnership where the interest payment, tax, insurance comes out of the entity.
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28 April 2024 | 11 replies
You would be operating a single member LLC and presumably opt to treat that entity as a disregarded entity which will be a pass through to your personal return.
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29 April 2024 | 168 replies
You mostly have to search by entity names.
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27 April 2024 | 2 replies
If an entity holds title and you and the other partner own % interests in the entity than you can specify special allocations that are different from ownership % in the partnership agreement/or operating agreement (assuming the entity is taxed as a partnership, and not electing to be taxed as a corporation/s-corp).
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27 April 2024 | 19 replies
I would look up Deeds in your county recording dept online and search through the pages until you see one that has an entity TIC.