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6 November 2020 | 0 replies
I'm curious if investors in these sized deals appreciate enough that you are putting in sweat equity that they do not expect a pref.If you don't contribute any of your own capital, is there a generally accepted equity split that you have found desirable to your investors?
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7 November 2020 | 5 replies
What happens is all checks come in to S-Corp and you get a W-2 from the S-CorpBig advantage is you can give yourself some very generous benefits (like retirement contributions) if you want your W-2 low - As long as ALL employees get the same generous benefits.
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11 November 2020 | 3 replies
I'm still employed and contributing, so I can't withdrawal.
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7 November 2020 | 2 replies
If you segregate the components of a house, you can contribute a portion of the value to each component.
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9 November 2020 | 2 replies
Qualified Opportunity Funds, selective tax loss harvesting (although keep wash sales in mind), 529 plan contributions, retirement account contributions, tax credits for EVs and energy efficient home improvements.All great stuff to talk to your advisors about.
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11 November 2020 | 41 replies
Ironic, because I could have rented the house at a lower rate than the mortgage would cost to someone who buys it new (thanks to appreciation) so their unfriendly laws are contributing to lack of affordable housing.
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11 November 2020 | 4 replies
Regardless, you'd want to confirm with your lender you're able to make extra contributions to principal under the loan terms
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12 November 2020 | 4 replies
You will contribute the asset to the LLC.
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11 November 2020 | 0 replies
In the future, other LLCs with properties will roll up into the WY holding company.1) In the LLC's OA, there's a line for "Capital Contribution" - which I gather is money that I, personally, put in start-up costs.
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1 December 2020 | 7 replies
By the time I had asked, the person could easily vet me based upon my digital contributions and they knew I was not there just to suck them dry over a $3 cup of coffee.