Hi All,Looking to form a partnership to complete a few deals within the coming year. I already have an S. Corp formed and the partner would like tp form a new one for our joint ventures. What are some tax, legal, and ...
Hello all! So I was wondering if anyone could help me with advice or possible experience with what the legal or tax implications might be when my investors give me large checks which I deposit into my bank account aft...
I know everyone has an opinion on accepting rent on an annual basis Vs monthly, however I was hoping someone could speak to the legal implications accepting an annual (or 6 month) rental payment.
The obvious issue cou...
Hello from suburban Philly! I'm wondering if any existing homeowners have tried to purchase a multi-family investment property to live in/house hack, and in doing so are able to classify the purchased multi-family as ...
We are a two-member LLC (for real estate buy and hold investing) where each member has 50% ownership. Each member contributed equal amounts upon opening of LLC earlier this year and there have no distributions to date...
I am new to real estate investing. I was told the best thing to do was establish an LLC as I begin my venture. I plan to access some of the equity in my home, along with cash on hand, to purchase and reno property. ...
I had my tax guy open an LLC for me this spring, but don't know much about maintaining it. I currently own a duplex and I'm working on getting it out of my name and into the LLC's name. I am also in the middle of reno...
Hi!II am looking to buy a small apartment building in Maryland that it is owned in an LLC. The seller suggested to buy the LLC that owns the building to avoid paying transfer taxes.I can save some money doing this, bu...
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
Hi,Recently sold my investment property in Philadelphia! The rental license attached to it is still active for another 5-6 months or so under my name. What should i do? I wonder if there are any legal implications for...