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 ...
Looking for an accountant to do our LLC taxes. We were just informed by our California accountant that he can't help with our Kansas LLC. We wish we were informed sooner as we are now in a hurry. We have 2 properties,...
HI BPI am lost. I have been self employed for many years and recently now filing taxes for a real estate trust I operate. I do not understand the relationship between tax returns, borrowing money from banks, and limit...
Hello, we have a rental (me and my husband) that we manage ourselves. In order to open a business account I applied for an EIN number under the category of partnership. I wonder if we need to file some additional tax...
Hello
Has anyone used an LLC for to hold their rental houses? How many houses do you need really for the LLC to benefit you?
I have noticed that LLCs do have some fees to set up...etc.
When does an LLC really...
Hello,I am closing on a rental property on tuesday and would like some advice. I will be deeding in my personal name and using funds from a business cash line of credit. I plan on remodeling then refinancing then de...
Ive never had a partner outside of my LLC before. But recently I bought a property on a partnership and I have no idea how to deal with expenses and gains come tax time. usually I would put everything together and it ...
Hello,
I am in the process of setting up a SDIRA to purchase my first rental property. I am still trying to decide whether to buy it outright with the SDIRA funds or leverage it by borrowing about 50%.
...
Good evening BP,As most of you may be aware, the year is quickly coming to an end. Under two months remaining by my last count!So here is what I am trying to figure out. Should I worry about establishing an LLC now, ...
We own 82 doors (12 properties) in 3 states. Our structure is LLCs passing through to our personal return. How much should we expect to pay for tax guidance, filing, and bookkeeping? Thanks in advance for your response!