5 July 2024 | 5 replies
I have the money to pay it off.
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9 July 2024 | 0 replies
Investment Info:Single-family residence private money loan investment in Sherman Oaks.
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10 July 2024 | 8 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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9 July 2024 | 6 replies
I do have money in my joint acct with my wife but she doesn’t want to touch it.
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7 July 2024 | 9 replies
You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.
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8 July 2024 | 1 reply
While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.
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9 July 2024 | 3 replies
Open to buy/hold, flips, hard money lending.
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8 July 2024 | 3 replies
@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.
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4 July 2024 | 3 replies
Depending on how much money you're making (which, if you're at a loss, may not be a ton), those trusts can sometimes cause more tax than going the standard LLC route and just paying the $800 in the first place.I'm not sure from your post if you're talking about income taxes that are owed, or the $800 LLC fee, which is more akin to a franchise fee in the terminology that you're using.
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10 July 2024 | 4 replies
The money, motivation and time.