Kalib Williams
Credit Card with a self directed 401k LLC
I know a self directed 401k LLC is not allowed to apply for a business credit card because I must sign for it, and am permitted via disqualified persons rule....but, can the 401k obtain the LLC if the LLC already has ...
Bill D.
LLC, S Corp or C Corp, for a large multifamily with two investors in different states?
What would be the best way to minimize taxes and keep things simple for two investors, one in Ohio and one in Chicago. The property is in Chicago. 50 units, profits should exceed depreciation in a year or two. One ...
Molly Jacobsen
Can a Schedule C be filed? Multiple LLC's?
Hello, there is an apartment complex and some single family homes. Ther is also own an LLC. None of the properties are finance through the LLC due to the difficulty of securing the loans in the LLC name. The LLC is...
Corwin Hernandez
How kany LLC's should one have?
So I have been listening to the Bigger Pockets podcast and have heard a lot about LLC's on there. They haven't exactly gotten into what an LLC does however. What is the purpose of it? I have also heard of different pa...
George Zink
private funding
looking for solution...winning bidder at cash only auction closing 5/2...purch 379,500...needs 100k rehab...ARV is 650k...I'm putting 190k personal $...borrowing 290k...private lender has agreed to fund but wants to e...
Ruben Pereira
Can I move a loan to my LLC to free up space for a personal loan?
I want to take a leap to get a second house, Can I move my current loan to the name of my LLC and then free up space to get another loan under my name?Thank you
Nick Scannell
House Hacking First Duplex - Should I set up a separate bank account now?
TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
Zach Ledford
Tax advantages of personal ownership vs LLC starting out
I am just starting out in my real estate investing journey and have been reading what I can find about buying properties personally vs through an LLC. Many say that early on it is (for the most part) preferred to buy ...
Daniel Chen
Question regarding LLCs for my rentals
Hello everyone,I already setup a new LLC for several properties that was rented as our family investment property. I have not yet done with filing the quit claim deed but I talked to my lender and they are okay with i...
Jonathan B.
STR Depreciation/Bonus Depreciation Question
Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days. We’re changing our plan for the property in 2024...