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3 February 2025 | 1 reply
I try not to let it get personal...there are some members that have been 'inappropriate' in the past, but I will still give them a vote if their post actually deserves it
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29 January 2025 | 4 replies
Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.
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8 February 2025 | 10 replies
I personally again in my opinion only.. but these guys could be fake lenders.. for sure HML do not have a requirement that they can only lend to a corp..
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31 January 2025 | 2 replies
The person I would seek advice from is a CPA about this.
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7 February 2025 | 5 replies
I'd personally be a bit more conservative with the underwriting and make sure to see what the carrying costs could potential get to especially if this is a bigger renovation and not just cosmetic.
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8 February 2025 | 8 replies
AND prices have come down a bit in the last few years.Get a good grip on your personal spending and CUT BACK on everything for a couple of years.
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7 February 2025 | 10 replies
@Jared Goldwasseri would strongly recommend you go to Cincinnati in person.
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7 February 2025 | 9 replies
K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.
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9 February 2025 | 8 replies
I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios.
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28 January 2025 | 6 replies
My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.