Brandon Morgan
is an LLC necessary?
16 January 2025 | 29 replies
However, I was talking to a DSCR loan officer about a property I was looking at and they told me that they would only lend to an entity like a LLC or corporation; they would not lend to me individually.
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.
Ricky Smith
Advanages of setting up a separately run management company?
13 January 2025 | 3 replies
Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.
Sean Gammons
How to buy two rentals in one year?
16 January 2025 | 17 replies
You can get the "owners of multiple properties" list in DealMachine, and also DealMachine has pierced the corporate veil!
Daniel M.
Mid-term rental research- What should I look for?
9 January 2025 | 6 replies
You might try corporate housing by owner, or try getting in contact with some insurance companies for replacement housing, or traveling work-crews, etc.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
15 January 2025 | 41 replies
You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.
Casey Wilson
Advice on strong Detroit Metro areas for rental property investing
17 January 2025 | 5 replies
But if you put in the effort, Detroit can be incredibly rewarding.Over the last several years, the city has been on a steady upswing: population growth, major corporate investments, and increasing demand for housing are all positive indicators.
Pero Konjevich
Rental Insurance Dyer Indiana
9 January 2025 | 4 replies
Not disputing your experience and I'm sure your agent is great.However, the Goosehead model is designed for the local agent to sell and the corporation to service.
Seth Church
From vagrant infested problem property to gold mine.
28 December 2024 | 1 reply
I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.
Robert Frazier
Your LLC could cost you $500 per day if you don't comply with new FINCEN reg by Jan 1
1 January 2025 | 4 replies
https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate