Eric Tomlin
Partnering with your own self directed IRA to purchase land
Hello everyone,Knowing that these can be very muddy waters at times, my wife and I have been struggling through the IRA real estate investment information available on the internet. It is plentiful, but not sure, some...
Levi Gale
Paying individuals
How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...
Charles Cooper
County sees lot as 2 APNs but City has it as 1 APN
Hello fellow BP members. Had a question regarding county vs city views on a APN(s). These properties are located in Los Angeles Country and within Los Angeles City Have a owner that wants to sell his 2 houses since ne...
Oiluj Lopez
Just starting out!! Loan question...
My cousin and I started a corporation, NBD Investments Inc., in order to do our investing through the company. We are about to open a bank account and build the credit.
My question is if we would be able to get a lo...
Samuel Quinones
LLC
I purchased house #1 for 38k cash in 2011 now worth 110k. House #2 42k cash now worth 100k. House #3 135k 10k down. Now worth 210k. #1 & #2 rwnt 800 Each. #3rents for 1175. I have been looking for bigger better de...
Pat McQuillan
How deductibles in an LLC affect personal taxes on 1040
Hi Guys,I'm planning on incorporating a single-owner real estate holding LLC in Delaware/Nevada this year and am wondering what the tax advantages are of doing so. The LLC will focus exclusively on residential multi-f...
Imrana Latif
Real Investment Company in Ontario Canada
I am looking to setup a realty investment company funded by investors. What would be the steps to create such company, which will be using 2 streams of income, rental and buying/selling properties ?
Jonathan Jacobs
How do I acquire my rental property in my S-corp
I own a property in NC and I have a S Corp set up in Nevada. I'd like to acquire the property in under my S-corp to provide me the protection of the corporate vail. Also take advantages of some more tax write offs...
Antonio Esquivel
Purchasing residential property using an LLC
Here is a subject I am not understanding very well and maybe someone can help me out.I currently have one rental house that is under my name, but I plan to make an LLC and transfer title. I understand that the mortgag...
Chris Shon
Do I need a Real Estate Tax Accountant?
Hello BP community!We started an LLC last year and are about to file our first return for 2024. We have purchased a property for flip that's currently under renovation. I wanted some advice on whether we need a specia...