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3 June 2024 | 5 replies
@Jose Jacob“I feel like everything was kind of falling in your lap.”That’s EXACTLY right….I typically didn’t - and don’t - try to find deal situation that fit a certain strategy or technique.
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9 June 2024 | 223 replies
The next question to ask is whether you should have an operating agreement for your company.An operating agreement is an agreement among the members of a limited liability company that spell out the Members’ managerial rights and duties, along with provisions concerning adding new members, contributions, distributions, and so forth.
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3 June 2024 | 7 replies
Min buy in is 50k, pays quarterly distribution. timeline 5-7 yrs, getting very good loan from insurance co source at 6.75% or so with interest only on yrs 1-3 then no defeasance penalties thereafter if they re-fi or sell.
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3 June 2024 | 10 replies
Just got 2nd distribution from Hotel deal on CrowdStreet. $20k qtly Dividend.
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2 June 2024 | 13 replies
Is paying a mortgage via debit and saving 14k a groundbreaking technique that will revolutionize my business?
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2 June 2024 | 10 replies
Distribution payments have come in on time and i have never been concerned with them paying.
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4 June 2024 | 221 replies
If yes, does this affect taxation of distributions?
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5 June 2024 | 274 replies
Anyone else seen these drastic techniques in your area?
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1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?
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3 June 2024 | 20 replies
I sell at no profit and build at no profit. all money goes into the deal, lowest cost, lowest risk, and then distributions at the end are my deferred GC fee and realtor fee and cash for the land brought. it's dollar for dollar equity negotiation and I end up with 35% payout in the capital stack. tells hem to put all their build profit into the deal. if they won't take that move on. you are bringing more than enough