My goal is to establish mutually beneficial relationships that enhance both their careers and mine.I look forward to connecting with like-minded individuals and teams passionate about success in real estate.

My goal is to connect with like-minded individuals who are passionate about wholesaling, creative financing, and building wealth through real estate. 

They will likely request a copy of your most recent form 4562 and schedule E depreciation supplement and handle your individual depreciation schedule in the K-1 for the OP units.

the 50% rule doesn't know roof age, individual market dynamics, anything about utilities, etc. 

The IRS's assignment of income doctrine says earned income is taxable to the individual, even if paid to a third party (like a church).Also, 1099 vs.

Meaning that the owner of the property will have a property and license to rent out these 8 units individually per day or months. 

When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.

Hi @Emma Hustis, You are acting as a principal and assigning your entity's right to purchase to another entity or individual.

Hi All, I'm excited to join the BiggerPockets community and looking forward to growing my network with likeminded individuals.

The LLC will file a partnership tax return (Form 1065) and issue K-1s to each partner, with income split 50/50 and reported individually.