Dinesh T.
LLC Filing
I formed an LLC in October 2015 & this is my first time filing. I have not yet transferred my rental properties under my LLC. Below are my questions:Me & my wife are members of the LLC. I assume that this mean...
David Nemrow
This is my beginning! Goals to be set!
Hello BiggerPockets people,I'm 32 years old, working in Newport Beach, CA as a commercial real estate acquisition/asset management analyst. Out of college, I started my career as a CPA working in one of the Big 4 nat...
Juan Santos
Expenses for Lawyers, Accountants, Tax Advisors, etc
Something I’ve always wondered and don’t see much talk about is in regards to taking into account the expenses for Attorneys, CPAs, and others that would be in your “power” team. Shouldn’t this be included in the PITI...
Jose Rodriguez
Tax interest deduction on rental property under LLC
I have some properties mortgaged under my name. Is there any limitations with claiming the mortgage interest as expenses on the LLC tax return? the properties are under my name but the LLC manages all income and expen...
Scott Thompson
Lease personally owned property under an LLC?
I have 2 personally owned rental homes that both have mortgages in my name. I recently opened an LLC for purchase of a 3rd property next year. Until then, is it legal and will it make sense to begin leasing my 2 ren...
Wendy Hernandez
Group partnership: :
How do you divide the profit if its a group of 4 ?How do you file the taxes? The LLC would be shared amongst all? Im new to all this and want to understand these things to go over it with my group.
Daniel Doumani
Help with Rental/LLC Title and Deductions
Hello - I am looking for help with the current structure of a rental business I started a few months back. I created an LLC partnership with a few friends. Each of us owns an equal percentage. We then went out and bou...
Shaun Draughn
Forming joint entity
Hello all, I'm an investor in the RDU market in North Carolina. My partner and I are in the process of getting permanent debt on a blanket of duplexes we currently own under an owner finance deal.
We are in the cont...
Naudy Reyes
Rental properties and LLC Bank Account
Hi Everyone, I am hoping someone can help clarify some info for me. I opened up an LLC to help manage my rental properties, however I “house hacked” them and therefore the mortgages are under my name, not the company’...
Bryan Pham
Operating rentals under a LLC
Hello BP,I have some questions regarding operating multiple rentals under a LLC. I am trying to move my rentals under my LLC, when I do that do I have the payments be directly to my LLC? If so, how would I access the ...