Tamara Glass
1031 Entity Question
Hello,My husband and I are selling a rental property that is currently held in our name. The bank won't let us move it into an LLC without a full refinance. We had hoped to use the proceeds of the sale in a 1031 Exch...
Anthony Arias
LLC's S-Corp vs Corporation selection for tax purposes
Im a newbie investor. Stupid enough to create an LLC on 12-01-14. Now I have to file taxes for that LLC. I have no partners and plan to wholesale properties. Should I classify my LLC as an S-Corp or Corporation? ...
Matthew Heffernan
1031 Exchange under an LLC
I'm trying to help a friend defer capital gains tax in Michigan.He is selling a business and the real estate to a single buyer, however the property is owned separately under an LLC, which will remain in the Sellers o...
Joe Stubbe
Buying our flip and taxes
We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary. Are there any tax implications since it’s currently in an LLC and will...
N/A N/A
Need to find a Money Partner in North NJ
Hello folks
I found a couple of great properties, mainly REO's, and i need to find a money partner who would want to get in on it. Any ideas on how to find one, or any one interested?
Steven Glasgow
Filling out a W9, for a IRA LLC (with checkbook control)..?
Question for you tax pros. Do you agree that this is the property way to complete a W9, for an IRA LLC (with checkbook control)? Or not? Thanks!!! See
https://sdirahandbook.com/ira-...
Account Closed
Tax consequences of deeding property to LLC
Hey all,I submitted an offer for an REO property.I was originally planning on purchasing the property with my LLC.The bank requested information about my LLC (I provided IRS EIN, Articles of Organization, Certificate ...
Mary Jay
Each LLC (entity) files its own tax return
Hi guys,Can anybody explain to me please this...Ive heard from one RE investor, who owns about 300 properties, that his accountant files a separate tax return for each LLC/trust, etc (if I understood him correctly)......
Lisa T.
Asset Protection - LLCs
I have spent a ton of time researching how best to structure our real estate holdings. We have them in a couple of LLCs now but want to add a holding or series LLC for asset protection as well as reduce our income ta...
Todd Hutcheson
Keyword alert question
I have a keyword alert set up for Orlando. Every time someone named Orlando replies to any post I get an alert. It makes me disregard posts. Is there any way to fix this?