I listened to an interesting audio book in the Rich Dad series authored by a CPA.

The Mtg company said I would not be able to do a deed transfer into an LLC. 

You would then use this account for your credit from the above transaction.Make sure it's not included with your other expenses because you want your Profit and Loss to look like this:Income  xxxExpenses xxxNet Income xxx  <-----  This number is still really important to keep track ofNon Taxable Transactions xxx <----- This number will need to be added back to the Retained Earnings number as a manual adjustment on the tax return, if this is a multi member LLC, S-Corp or C-Corp. for each year going forward. 

My husband and I are looking to open an LLC to transfer our first and future rental properties under.

My partner and I have formed an LLC and are currently financing ourselves.

Here’s the secret:Create an LLC and have the LLC lend you a mortgage on the property you arereceiving.The reason why this works is because instead of you needing cash or receiving a cash out loan, we are now refinancing a loan – your loan.

I'm in the process of setting up an LLC for investment purposes and I wanted to know if there are any standards for prioritizing the distribution of profits?

We have an LLC set up in SC, and that is where we are operating.

Hi Cam,This is a PMC I use for properties in the DFW area.First American Real Estate & Management Services, LLC

Right now I am hiring my father as a handy man, so in order for me to deduct those expenses do I need to have an LLC and a spearate account for handling those transactions?