So while the partnership may show a loss, the loss would be passed through to your personal return and then be subject to passive activity loss rules.The partnership only creates more of a headache as there will be additional tax filings and fees for creation and ongoing support.Activities inside a partnership are not necessarily taxed any differently than if they were reported on your personal return.

depends on your personal financial position and your goals.

I have been through the BK route more than a few times in 40 years of HML ing.. and as Don states it can be just crazy what happens what the debtor will do what the BK trustee will do what the judge will do.. that all said if your position in the note is discounted enough probably still worth it. but in my mind to pay 90% and if there is not SIGNIFICANT upside I personally would not do it unless you have a repositioning play or something that no one else sees. 

Bold is for your personal home.

I use it for my personal portfolio as well.

As long as one person is a real estate professional, you can usually use rental losses offset joint income.

I have never got title to bond over a lien.. personally..

You're going to have to give a personal guarantee, which means if your LLC defaults on that house they still can recover from you. 

by Garret GundersonSome of these go beyond the core of Real Estate themselves and into personal wealth building, life, etc... but I have found much inspiration from these titles.

I showed it in person twice, but neither decided to take it.