Adrian Brown
Single Member LLC with both spouses
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
Amy E.
Return of Capital or Profit Distribution?
We have a multi-member LLC are at the point that we want to begin taking money from our rental business. We can choose that the return is either counted as "return of capital" or "profit". If I take a return of capi...
Eric Nelson
Personal HELOC for LLC rental - change to LLC?
Hello, I've found a triplex in Bemidji that's going to work out for mw, but I don't know how the taxes and payments work when using a personal heloc for down payment on an LLC property.Is there a way to transfer the h...
Jordan N Hansen
LLC - Best way to pay “the man”… and myself
Hello BP,I am currently in the process of transferring my first multi-family property into an LLC. As with any first in this world, it’s an intimidating process, and I have two questions before I dip my toes any furth...
Nathan Gross
Vacation Rental Tax Help Needed!
My wife and I and my parents set up an LLC for a house we purchased and rent out at the beach. We messed up and used it for more personal days than we should have this past year (won't make that mistake in 2011) so w...
Ben Moore
Like so many.. but best options now... llc / leave as is...
So I am new to the forum and I have to say there is so much rich info. on this forum this topic may have been covered but I have not found the advice / guidance I am looking for. Like so many, I became an accidental l...
Sam LLoyd
Do I have problems with LLC and taxes?
Ok, so here's what I want to do, so you guys can tell me why it's a bad idea.I plan to have my LLC sign a master lease with the owner of the property. The lease will be 90% of the net income less expenses. This will...
Owen Thornton
What tax benefits does an LLC provide
Hello! If you are looking to be a full time investor of rental properties, and you would like to get tax benefits, what route would be best to go? Would an LLC provide this for you? Or is there another route to go?
Trevor Gardner
Company Structure for Multiple RE Investment Types
My wife and I are just getting started with our RE investments and want to structure ourselves the right way to begin with.
Our goal is to invest in short-term vacation rentals while flipping properties to build the ...
Maya Hermelin
Equity Partners - Setting Terms
I recently connected with a potential partner who has the capital to fund deals with me. We met at BPCON, they are out of state and I'm local but we both invest in the same market. Their goal is to become an equity pa...