Aaron Marx
Do I have to register as a foreign LLC if my properties are out o
I just bought a duplex in Iowa that will close in the next coming weeks. Do I have to register in California as a foreign LLC if that's where I reside I will not conduct any business in California yet I will be getti...
Stanley Yang
How to transfer property title from two-member LLC to ourselves?
My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...
David Y M.
How to Do Real Estate Partnership without 1065
I've read that you can file real estate partnerships without actually filing a 1065."The IRS and the courts have stated that mere co-ownership, rental, and maintenance of real property does not create a partnership fo...
Melanie Campbell
Funding 4 Flipping scam, anybody else?
Ugg, got taken by a total scam, feel like an idiot. They advertise as funding 4 flipping, also WCAP financial and Seed Capitol. they promised to help me establish a business line of credit. All they did was open a cou...
Tomas Barrios
Tax / legal question about investing out of country.
I am planning to invest out of the country. sending money to Mexico, I would like to get recommendations of what are the legal / tax implications of sending money to other countries, my goal is to invest this money in...
Delin W.
single member LLC -- in husband's or wife's name?
Just thought I'd run this by everyone:
Husband has a day-job and wife manages the rental properties but does not draw a W2.
In setting up the LLCs, are there any pros/cons to setting things up in one name or the ot...
Mark Davis
Setting up entities for flipping to get money for rental property
hello!My brother and are partnering to do some flips in order to finance some rentals He has been renovating other people's homes for 20 plus years And watching them sell themWe decided to do some for our selves Wh...
Ben C.
Question About Paying LLC Taxes
Hello,I have a 50/50 LLC with my spouse. Obviously that LLC income flows directly onto our personal joint return. The LLC has a separate bank account to keep funds separate. The LLC money has been reinvested in anothe...
K W
Do I need a DBA or LLC?
Looking to buy my first 4-plex. Do I really need a DBA, or since it's residential property can I just keep good records and have everything in my own name?
What if I buy the property in my name, and then get a DBA to...
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
Hello everyone,
In July 2024, I created a partnership LLC with my girlfriend to buy a rental property. We are now married and I expect we'll file our 2024 taxes jointly. We live in Texas, a community property state, ...