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14 January 2025 | 4 replies
For the main house, I'd get a washer and drier.
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17 January 2025 | 3 replies
To me it kind of defeats the purpose of protecting personal assets and standing up the LLC.2.
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15 January 2025 | 3 replies
Incorporating a washer-dryer hookup in the main house could be advantageous.This addition not only increases the convenience for potential renters but also adds value to the property itself.
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22 January 2025 | 10 replies
If the property is already built and in place with only one main for everything.
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19 January 2025 | 8 replies
I wrote the above for informational purposes.
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23 January 2025 | 8 replies
They'll want all the money spent on the main house, lenders kind of ignore ADUs it's weird.
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19 January 2025 | 42 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.
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16 January 2025 | 4 replies
I mainly am curious how people have raised capital for their first properties.
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22 January 2025 | 14 replies
I think the main thing I am learning here is to adjust the profit share between myself and my private money partners.