Average child owns 8% of partnershipd.  

I’m undecided between Blake Choisnet, Nate Barger and Sam Primm.I’ve researched all three extensively and get good vibes from all three.

When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18.

I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.

When a child LLC (disregarded entity) is used to hold each property, and all of the tax reporting is done on the tax return of the parent entity, does each  individual child LLC need to file the BOI Report, or only the parent LLC? 

Good Afternoon BP,I’ve been away for a while as the birth of my first child took priority.

California also has Proposition 19 rules to consider, which might impact property tax reassessments if the transfer is not between parent and child. 

One tenant stayed 13 years until their youngest child graduated, then moved. 

Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

To managed it a bit easier (when you grow to more than a dozen), it'll be better to have one online login and manage all 'child' accounts.