That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

If that is what you are saying, that idea makes me nervous as it makes it tougher to track gains/losses/etc for that individual property.Also Rob, how do you know when its considered "enough" in order to start xferring to another account?

Sorry i didn't want to have such a long post but i wanted to answer some of your questions. 1st thing using a realtor is ok but you'll be able to find alot better deals through Wholesalers or by individually marketing to sellers who need to sale their houses.

This is BY FAR the nicest looking house on the block...maybe in the area.

There is a similar house in year built/sq ft/lot size just a block away that sold 2 months ago for 123k.

The individual Homeowner has to pay for it.

i have the addresses of both. i tried to research county clerk but they only let you search by block/lot. thanks for any input.

They might have money but still trash the place or live in an unsanitary manner.FYI there's no credit scoring in many of these developing countries, and anyway the notion of "individual" credit often doesn't exist in these places, at least for the masses-families hold joint bank accounts, one person in a large city remits money to relatives in rural area.

From what I understand, the process is that you invest into a holding company such as a REIT (not through the stock market) in the form of $50,000-$1,000,000 blocks and receive an ownership stake in the properties.

It seems to me that a great approach to finding the right mentor is to use BP's "collegue request" feature.The more time I spend on these pages, the more certain individuals stand out.