Jesse Imes
1031 Exchange Deal in New York
Hello! My buddy in Buffalo, NY is doing a 1031 exchange and may run into a potential issue which could happen to myself in the future as well. The house he sold was paid off and in his LLC. The current deal is for a 4...
Nathan Wierzgac
Flipping a House to Myself
Hello all, I am curious to know if it is legal for me to purchase a house to flip under my LLC and then sell that rehabbed house to myself with my own loan in my personal name. My LLC has two other small percentage ow...
Trevor Neale
Paying your LLC from your own investment property?
Hello to all my beautiful people , a thought came to my head and I wanted to ask you all. So if you have an investment property, on your personal name, can you the owner create a LLC and get paid from your own propert...
James Brants
Loan in my name but LLC paying
Good morning,I close on a house tomorrow but the mortgage is in my personal name but the financials come and go from the LLC (monthly rent, closing, all expenses, book keeping). Will that income reflect into me at the...
Surender Singh
1031 exchanged property want to changed personal ownership to LLC
Hi all I bought one commercial rental property by 1031 exchange from residential rentals in 2015.whole 1031 exchange transaction was smooth, Property is under my and spouse name.I would like to change to LLC or land t...
Rob Z.
"Accounts closed"
So im more of a lurker than anything around BP but I could help to notice some of these accounts closed people... Some of them were hot and heavy in here, getting into debates some bragging etc then all of a sudden ac...
Tanh Truong
Adding Member to LLC. 8832 and EIN?
Hello EveryoneMy partner has filed for an LLC (Cincinnati, Ohio) back in February as a single member and we have made an Amendment to include me as a 50% owner in the LLC. Currently, I believe the LLC is classified as...
Gaelan Bellamy
Ran rent/expenses through llc that doesn’t own the property...
I have a passthrough single person llc that I ran rent and expenses through for a property that I personally own. In retrospect, I should have done this through my personal bank account, but what’s done is done! Tryi...
Account Closed
Mortgage interest deduction for LLC
If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income? Or only against LLC income? thks
Garrett Andersson
1031 Exchange with LLC
Question for 1031 Exchange owned by LLC in North Carolina...
Individual owns Property A in "Property A LLC". He also owns Property B in "Property B LLC". He sells Property A for 70k profit. Can he buy Property B with...