Hello All,
Here's the situation, I have a 4 unit home, fully rented, all with 1 year leases, located in a great location of Jersey City. Also have a low interest mortgage (less than 3%), 43K annual NOI, potential eq...
I have different loans and I want to know how they will affect my DTI
1. Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed. Do the taxes and insurance on...
Hello BP Community!
I have a rental property that has a unique roof as seen below:
Leaves clog this drain and the roof in the upstairs apartment leaks. Everyone I have talked to just says that I need to go on ...
How are you taking advantage of Llc structures?I think that an Llc and business credit cards could be used to fund deals, such as down payment and closing cost.
As the title mentions, I'm Canadian with a work visa. I've read that I cannot form an LLC. Is this true? If so. What are other strategies I can employ to protect my assess and shield me from taxes?
I may be slightly overthinking this situation, maybe someone may be able to help clarify my thoughts.I bought my first investment property a little over a year ago. I am looking into expanding my my portfolio sooner t...
I am setting up a new LLC for rental property. My wife really won't be doing anything for the business at this time.
Is it beneficial to add her as a member regardless?
I would assume I would have 51% controlling in...
What is the best entity to setup for a Property Management co. ?Thanks!!!!
I own several rental property and I am of course taxed on the rental income as my regular revenues.If I set-up an LLC and place all those properties under, would I have a reduced tax rate?
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...