Wanted to structure LLC for Liability protection.

But LLCs and banking accounts is mostly your personal preference of how you would like to organize your business structure.

For example if you paid $360,000 for a property with estimated land value of $60,00 then the structure value is $300,000.

With my dreams of controlling a rental property next to me dashed due to poor home structure I started thinking this building used to be a home so why not flip it back to that and make some money off it!

Ultimately I do not want to be over leveraged, stuck paying a high mortgage for extended time, or live in a home that needs work I can’t fund what are your thoughts and recommendations for how I should structure my first purchase?

People who say JV is bad do  not know how to structure  it and manage it and the exit strategy..

Conduct thorough property inspections to identify any maintenance needs or structural issues that could affect rental income.

There are a few ways to go about structuring the loan. 

He will owe taxes on the net selling price minus his original cost basis, plus up to 25% depreciation recapture on about 72% of the property’s structure value. 

Here’s how you can simplify the process and achieve your goals, while also exploring financing options that could benefit both Cousin A and Cousin B.Tenants in Common Agreement: While Cousin A and Cousin B will technically need to report rental income and expenses according to their ownership shares, a well-structured Tenants in Common (TIC) agreement can outline how they handle income and expenses.