Gary Dezoysa
Do LLCs pass through tax benefits
Hi guys,The two major RE tax benefits I know of are depreciation and mortgage interest deductions.I plan to hold my properties in an LLC. I think the tax benefits should pass right through to me, is that correct? Sing...
Norbert Huston
Reporting to credit agencies
The company I've used in the past in no longer providing the service of reporting delinquent rent charges & damages to the three major credit bureau's. They charged a flat fee of $35. Is there a comparable servi...
Kevin Van Ness
Pass Through Income
I have several rental properties but have never formed an LLC. With the new tax law coming I keep hearing about the pass through income for LLCs. I am wondering how I am currently taxed on the profits I make from my...
Parul S.
Inspection report - To buy or not to buy
I have agreed to buy my first SFH investment property from a TK (turnkey) and just received the inspection report. The SFH is 60 years old but was represented as being "fully rehabbed". The inspection report is con...
Hadar Orkibi
Applying for Credit Card?? STOP And Read This
Hi BP friends,
On Friday I had a good lesson I want to share with you when it comes to FICO score.
I’m about to close on a deal in the next 30-60 days and lock rates on Monday prior to the Fed increase on Tuesday.
...
Yong Jin Lee
?: Tax Deduction on people who are on W2 and do the rental property Investing
Hello! My wife and I are both W2 employees. We are carefully looking into starting rental property investing. However, one of our objectives is to reduce the tax burden we face on our W2 income. However, a local real ...
Calum Bressington
Has Anyone converted a multimember llc to a sole member llc?
Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so wi...
Ariel G.
Trusting an unknown Team. How?
Hi.I was wondering, how do people trust others with their money without knowing them?Investing out of state without knowing the people seems threatening.I wonder how people build local teams without traveling there? ...
Lon Coleman
Moving a 1031 FROM a LLC into my personal name
All - I took some bad advice and put the 1031 Exchange into my LLC. I am now learning the reality of that. In order to purchase another house using the 1031 funds, I will need to use a commercial loan due to the LLC...
Jason Williamson
Can my partner and I both claim 'Active Participant' tax rebates?
My partner and I (not married, single filers) own a rental property through our LLC which we own 50/50. This is our first year with the rental property and we will post a loss of ~$4k. Through property taxes, interest...