We are first time investors, looking for a multi-unit for rental income. We have been told to set up through a business instead of personal. Can anyone explain which is best? I am leaning toward an LLC...thoughts?
Hi - we are still reading and learning about investing - leaning towards multi-family properties to hold and rent. Anyway - my question is LLC vs S-corp as a vehicle to shield from personal liability and taxes. We a...
HelloDoes anyone know if it's beneficial receive commission pay as a realtor to your LLC? Any tax benefits? This would of course be based on the LLC being formed through the state for real estate transactions. Any ...
I stumbled across what I believe to be a genius way of shielding active real estate income.
One can tie up a property for, let's say $1K. This $1K would come out of a Roth self directed IRA. Deal is assigned and Assi...
Investment Info:
Single-family residence buy & hold investment in Duluth.
Purchase price: $198,000
Cash invested: $12,900
This is my primary property that I bought for my family. I am planning to...
To reduce risk, looking at options around forming an LLC. Would be interested in any feedback from anyone that has gone through the process. More specifically, at what number of units did you move properties into on...
Hello everyone, I am starting my short term rental journey. Currently, I only own one property with a mortage. Should I open an LLC or should I run it as individual? Furtheremore, If I open an LLC, am I required to ch...
I have an unusual situation that relates to tax.
I bought a house in California a couple of years back. I bought the house in anticipation of moving to California. However, for personal reasons, I decided to stay in ...
Hey BP community. I'm looking at a few multifamily properties in the Phoenix area (85301, 85020, 85007 areas). I was wondering if anyone could recommend any local property managers. Some of the units need extensive re...
In a separate thread there was a discussion of using whole life insurance to shield income from taxation for business owners with a payroll. My understanding is that this technique is used so that the owner with payr...