Danielle M.
Should I put 8 unit rental in LLC?
18 July 2023 | 5 replies
California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.
Hunter Preston
Tax Implications for BRRRR?
27 October 2017 | 23 replies
@Hunter Preston, There is no profit or taxable gain recognized without a sale.
Anita Effendi
(Sub) Contractor threathened to put lien in the project house
30 October 2017 | 2 replies
I did not recognize the the name of the person that requested the service in the letter so I contacted my contractor and he did not know know who that person is.The company that sent me the letter is: Robertson's.
Ralph C.
Conservation easement investments - tax savings shelter
7 June 2023 | 5 replies
Lately they have been cracking down hard and doing audits on conservation easement investments as they are not allowing these types of writeoffs as tax savings strategies to be recognized after the fact.I'd like to hear from you on your experience with this and if you've had luck with winning.
Gareth Fisher
What you wont hear any investor tell you
7 February 2018 | 151 replies
I also believe strongly in getting a mentor or a coach who is better at recognizing when something is a deal and when it isn’t a deal and who can point out potential pitfall.I like an analogy that Robert Kiyosaki uses about risk.
Denver J Lobo
Asset Protection: Land Trust and LLC Combo
1 November 2020 | 3 replies
In a second time, you assign the beneficial interest to your LLC.The title of the property will read land trust xxx with yyy as trustee.In some state land trust are not recognized as entity, so the bank account should be under the name of the beneficiary.You can use a third party LLC or Corp as manager for the property.
Dan Scarborough
Leads Systems
3 July 2016 | 9 replies
Then, you'll be able to spot opportunities that most others don't recognize.
Dave Lion
Is The Purchase Price of Properties Deductible As An Expense?
22 July 2015 | 9 replies
Some things the government and the accounting world has considered to have a useful life of multiple years and has required that you are only allowed to recognize that expense and take it as a deduction over that useful life.
Bryan Blancke
how to estimate monthly rent income?
7 October 2015 | 7 replies
The fact that you recognize a property like that means you are getting a feel for your area.
Taryn Elbaor
Capital gain
6 January 2016 | 12 replies
@Taryn Elbaor, @AUDREY DESOUZAhas the right idea. 1031 is a federal statute but most states also follow suit and recognize the same process.