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4 December 2022 | 6 replies
Hi Derek,Another option might be to get unsecured funding for that purpose.
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5 September 2014 | 8 replies
Would it really matter for tax purposes?
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4 December 2022 | 3 replies
Thanks.Your statement applies to SMLLC, but it does not apply if you file as S-Corp to IRS:Since you are a single-member LLC, you will initially be classified as a disregarded entity for the purposes of filing a federal tax return.If the only member of the LLC is an individual, the LLC income and expenses are reported on Form 1040 (U.S.
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16 June 2014 | 9 replies
a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?
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26 February 2015 | 12 replies
However a single member LLC may not protect the owner from creditors.For tax purposes an LLC can file as an S Corp (file S election w/IRS first)No upper limits on the number of LLC members, S Corps up to 100No restrictions on LLC ownership interests (flexible), an S Corp can have only 1 class of stock but can have differences in voting rightsSpecial allocations in income, gain, or loss in an LLC is permitted but not in an S Corp they allow pro rata allocations because of the stockIn regards to distribution and contribution of property (not cash) an LLC may have tax advantages over the S Corp.
7 April 2018 | 29 replies
Sounds like you could also have a CoC pref for the annual cash flow, but then also have an IRR hurdle rate and promote for the purposes of sale.
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4 December 2022 | 11 replies
@Encarnacion Gutierrez, what is the purposes of the loan?
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4 December 2022 | 5 replies
If the LLCs are created in the right way and are maintained as they should be, this structure will separate the properties for limited liability purposes, and the liability generated a property owned by a single LLC will not touch the properties owned by the other 2 LLCs.
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13 September 2022 | 61 replies
You are actually losing money by leaving it in a savings account.When you deposit your hard-earned money in a bank, you are simply lending it to the bank so that they can utilize it for their purposes until you require it.Of course, putting your money in the bank is also low risk — you can pretty much count on your money still being there no matter what happens in the market.
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5 December 2022 | 6 replies
UNLESS you are are real estate professional status for tax designation purposes and able to create a "grouping/active participation".