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8 January 2021 | 5 replies
I believe the most likely changes to the tax code will increase the corporate tax rate, increase capital gains tax rates, and modify the marginal income tax brackets.
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10 January 2021 | 8 replies
Unless you elect to treat the LLCs as corporations for tax purposes (C or S) they are treated as disregarded entities for tax purposes (which means the management relationship would also be disregarded for tax purposes) so in effect the tax consequences would be no different than holding the properties directly in your own name.
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8 January 2021 | 4 replies
My top choices at the moment are franchise brokerages as they seem to offer the corporate structure I'm use to along with lots of networking opportunities.
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8 January 2021 | 3 replies
So since it is a loan to a corporation then it would be considered a commercial loan even though the property may not be a commercial building and is residential.
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12 January 2021 | 35 replies
I think 2020 was likely driven more by lower rates.My local market SF Bay Area has grown by an order of magnitude over the past 10 years in terms of price appreciation but so has job creation, availability of high paying jobs, wealth creation of both local corporations and individuals.
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25 January 2021 | 5 replies
He said ok intially then changed mind and he said he will ask corporate. 1 week later, he said he hasnt heard from corporate.
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10 January 2021 | 1 reply
I'm also no stranger to Quickbooks, because that's what I've used for decades.But, there are some unique details about R.E. that make me wonder if there's a better option besides Quickbooks.If a landlord holds multiple properties and each one is in its own LLC, you probably should use a separate Chart of Accounts for each LLC in order to avoid piercing the corporate veil.
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10 January 2021 | 3 replies
Hello BP, I am looking for an attorney referral who has experience with both corporate law and real estate, even bigger plus if they have tech experience.
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5 October 2021 | 32 replies
It is much more time consuming than I expected, but I am also excited as if operated properly, good cash flows from STR can complement my more stable long-term rentals.
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10 January 2021 | 11 replies
There are a lot of nationwide corporate HMLs that have similar or better rates but much more strict UW reqs.