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19 February 2025 | 15 replies
Quote from @Havital Miltz: Normally you would set the LLC in the state where the property is.You have no tax benefits for setting up an LLC, it is more a protection from lawsuits and going after your personal assets, however not a guarantee....As a husband and wife you do not need to set up a partnership - IRS has special considerations for married couples for self employment, you could also apply that for a rental...Hope that helpsA joint venture is available to any 2 people co-owning real estate for investment purpose as tenant in common under Proc. 2002-22 (unrelated to marriage) but it can't be owned in an LLC together.
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30 January 2025 | 4 replies
IE rent to a tenant for >12 mo, dating before marriage, no late payments then with a down paymetn (long story here) I'll sell on either a contract for deed (typically mobile homes on land) or a note and mortgage (regular nicer houses).
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4 February 2025 | 13 replies
And congrats on your marriage.
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5 February 2025 | 13 replies
Partnership is like a marriage, be careful who you choose.
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22 January 2025 | 56 replies
Most importantly my faith, then my marriage, then my kids (first one coming in April).
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20 January 2025 | 8 replies
I know he's recently shifted more towards spirituality, marriage & family content and it just seems he's gravitated away from the hard work of actually buying and selling real estate, which is why (IMO) most of us are here.
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29 January 2025 | 31 replies
I don't believe in marriage so I ain't paying no engagement fee.
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28 January 2025 | 19 replies
The fact that I use(d) my own funds and continued using my own funds after marriage was helpful.
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17 January 2025 | 20 replies
Society and demographics favor smaller units since marriage and child bearing are being delayed.
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12 January 2025 | 11 replies
A recent marriage or birth of a child or adoption of a pet.