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14 October 2024 | 1 reply
You’re going to pay this entity more money than anyone else in your life.If you're successful, that could mean that you will pay them millions over the course of your business career.So who is “this entity?”
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16 October 2024 | 4 replies
As a default, I would say no business entity needed.
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14 October 2024 | 0 replies
You’re going to pay this entity more money than anyone else in your life.If you're successful, that could mean that you will pay them millions over the course of your business career.So who is “this entity?”
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1313134/small_1695221381-avatar-coreyc77.jpg?twic=v1/output=image&v=2)
15 October 2024 | 12 replies
(We need solid property values)Doing them individually gives you the flexibility of refinancing one or selling one at a time without major delays or penalties.Just keep the properties in your name for now and close the loan in entities name, no point in spending the time and money prior.I hope this provided some clarification for you :)
13 October 2024 | 9 replies
As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.
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14 October 2024 | 4 replies
Sounds like there might be some more facts of the entity structures since you imply a k-1 will be involved but only reference ownership of property A.
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14 October 2024 | 9 replies
I currently have these homes in my personal name, but have been debating whether or not to create an LLC for these rentals.I am in no rush to do this, and I have heard the argument both ways on leaving them in my personal name vs forming an entity, so I am looking for any advice the community may have.
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18 October 2024 | 37 replies
out of curiosity, I wonder why people will pay $40k to do some training instead of reaching out to entities and asking to work for minimum wage so you could learn.
15 October 2024 | 6 replies
If you are unsuccessful, there is a DSCR 2nd Mortgage that allows closing in an entity and CLTV is up to 75% .
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13 October 2024 | 2 replies
Assuming the S Corp is an LLC, could you consider keeping the properties in the current entity and revoking the S election?