Good morning,So far this year, I have contributed $12k to my 401k. 

BTW - this forum has been excellent and I want to thank everyone that contributes.

If you suggest New, LLC should he make a contribution from the Old, LLC to the New, LLC and if so what are the tax benefits?

I am being told that many “wealthy” investors do such a thing.Again, buying a property is not an expense no matter who is on the receiving end.If Company A purchased it for Company B, company A basically just gifted it to Company B and Company A will need to pay gift taxesIf Company A gave money to Company B, Company A either Loaned it or Contributed as Capital/EquityCompany A cannot expense it, because it isn't an expense. 

This is a great group of people, and I'm confident you'll find tons of support for all your questions as well as a place to learn and contribute your experience.I think your question about a business option is whether you should get an LLC or purchase properties under your name.

Another thing to keep in mind on how much cap gain you contribute: if you are spending your $100K to buy an existing property, you also have to spend enough to double the basis in the building.

For this reason, we have started a collaborative spreadsheet for all to access and contribute. 

My name is Rebecca and my husband and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for the past 8 years.Check out Mike & Nicole Borowski/Homestead Realty or Jodi Graf/Premier Point Realty.

Whenever you have a W-2 job that offers a 401(k) plan that matches contributions, max that out.

Whereas yesterday’s buyers were looking for urban living quarters in a walkable part of town near some cafes and vintage shops, today’s buyers are leaving city centers in droves and heading to quiet, quaint suburbs to escape the pandemic blues.