Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...

Quit my job 3 months ago & am doing real estate deals full time.  (thank you, thank you as I take my bow)The majority of the rentals I have were put into the mix 6 months ago. (although I have 2 that are 2 yrs old...

Hi everyoneHope you all having a great weekend. I'm really excited since I'm under contract for the first time for a single family property in Tampa. We are still in inspection period. I'm planning to split this prope...

Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...

I am going in on a 3-unit house with my investing partner, Mike, and we are trying to solidify an agreement for equity given what each of us is putting into the investment and the fact that we plan to split monthly ex...

Hi everyone,I have a unique problem that I'm having difficulty coming up with creative solutions for. Here it is:My wife and I are looking at ways that we can help my sister-in-law and her husband finance a home, whil...

Does anyone have income from one LLC flow directly to another LLC that they own?I own 25% of an LLC for flipping houses and similar. I own 50% of another LLC for building homes here and there. I am thinking to open a ...

Hi everyone,

I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...

I located a mfh, ran the numbers, and formed the necessary relationships on a MFH 26 unit deal. A partner wants to fully finance the deal. I will not wholesale the deal.As someone who won't put any money down, what sh...

Hello,My partner and I want to get started on rental properties (~$200k, out of state, multi-family), but are also looking to buy our home in the next year or so ($800k+) in SoCal.What kind of impact will having a ren...