So transferring properties with existing mortgages into an LLC without selling them to the LLC is a common strategy for most real estate investors seeking to protect personal assets and possibly enjoy certain tax benefits.

Clear separation helps demonstrate that rental properties are business activities.Bookkeeping Accuracy: It’s easier to reconcile and categorize expenses when they’re all in one place, reducing the chance of missing deductible expenses.Professionalism: Separate accounts show a more professional approach to managing rental properties, which can be beneficial if you seek financing or partnerships.2.

I've always thought that the annual Fair Housing training we always had to take in banks was stupid and almost insulting to our intelligence, but after seeing your post, I would highly recommend seeking out and taking courses on Fair Housing, ADA, and other relevant real estate-related regulatory courses.

It's highly recommended to seek personalized advice from a qualified CPA, EA, or tax professional who can assess your specific situation based on the facts presented

Hi everyone, I'm planning to set up a revocable living trust. My goal is to ensure that if anything unfortunate happens to me before my daughter turns 18, all my properties won’t go through probate and get frozen for ...

My post was intended to seek advice and insights from the community regarding my personal concerns and experiences.To be clear:Lane Kawaoka, Kyle Jones, Simple Passive Cashflow, and Truepoint Capital have acted within the bounds of the investment agreement, and any issues I have experienced are based on my personal perception and understanding.My comments were not meant to assert any legal wrongdoing or misconduct by Lane Kawaoka, Kyle Jones, Simple Passive Cashflow, or Truepoint Capital.I apologize for any confusion or harm my post may have caused.

Begin by seeking legal counsel to understand default partnership rules and facilitate negotiations.

We are sending a very clear message to those who seek federal funds that we intend to stand up for the cause of civil rights and expect them to do the same.John Trasvia, HUD Assistant Secretary for Fair Housing and Equal Opportunity (FHEO), added, Prohibiting this form of discrimination provides an essential protection for many Americans, including disabled veterans, seasonal workers, and persons that are using housing choice vouchers to maintain housing for themselves and their children.

Hello Jared Schott, regarding your situation, here are some considerations and options for managing the $280,000 gap: Second Mortgage: You can seek a second mortgage or home equity loan to cover the $280,000.

There are several notable Non-QM lenders that offer reasonable terms on 5-8 units and very strong borrowers (with half the networth of the amount they're seeking to borrow) can go up to 29 units.