Hello all,I am trying to determine what I can contribute to a potential joint venture involving myself, another investor, and a builder.

If I create an LLC, can I still deduct rental depreciation from our joint W2 income?

LLC, personal, personal guarantee, jointly, etc. 

You must buy in the same “tax name” as you sell  if you’re married filing jointly I’m pretty sure you can’t do a 1031 on just “your half”Ps.

If income, or credit is an issue, Learn and get good at something related to real estate and then eventually you can add value to an investor and potentially do a joint venture.

Bill but U have to pay tax on your interest on your savings and so if you pay a little more to the mortgage each month that reduces actual cash in the form of a saving ???

Our son is turning 25 and is already in the workforce.. we have jointly prequalified ourselves for a real estate purchase up to 500k, I think we will try and pick up a beginner property... our daughter is 22 and is still finishing up college... the story will continue!!

So to sum this up.. if you get approved way to fast and easy and just send in 500.00 or 1000.00 for commitment fee = fake lender 99.5% of the time.for context and websites to jump on now to see how real lenders look and talk go to .Kiavi Lima one Lending oneConventus U will see the license numbers at the bottom on the first page and they will have very nice pricing matrix's on line that show rates and terms vis a vi your experience.. more experience cheaper the money. 

Do you file jointly with someone who has income that needs to be sheltered with RE losses? 

It's more of a joint compound for plaster work though.