Scott Rye
Seller Financing and qualified buyers
Hello All,I'm a newbie to BP and reside in Long Beach, CA. I have been scanning and reading the site for the past month and cannot believe the treasure trove of experience and insight from everyone. I wish I had come ...
Jackson Long
How does the tax benefit pass through the LLC?
Okay forgive me if this is a super junior question...We get all sorts of deductions from depreciation and whathaveyou... But if we hold the house in an LLC... doesn't money we take out of the LLC get taxed like income?
Grant Anderson
Lender Package for Obtaining a Loan
Hi All - I am going to meet with a couple local banks and credit unions next week. I am in the process of creating a package to give them so I can look as professional as possible. My partner and I are looking to refi...
Ender Aslangeciner
Where should I create my LLC if I live in FL and the real estate is in GA?
Hello, I have a question, which I can't seam to find the right answers in my google search. I live in FL and like to inquire a real estate in GA under a LLC...should I create a domestic GA LLC or should I create a out...
Debbie Palmer
Question about creating LLC with a 1031 exchange purchase
We have completed a 1031 exchange. It is in my husband's name as the property that we sold was just in his name. This is our first time managing property ourself as it is in our hometown of Payson, AZ. We were wan...
Tim M.
accounting practice - recording personal loan to business
Hello all - First just want to thank everyone on BP for all the incredible info and knowledge - this is an amazing site!
I recently purchased a 4 unit rental. I took out a HELOC on my primary for the downpayment (3.75...
Jack Thanadabouth
Out of State Rental Tax Q's
Hello,I live in SoCal and purchased my first duplex rental in Green Bay, WI June 2016. I didn't put it in an entity and it's tax season. What do I need to do to prepare to file my taxes? I know I don't want to file it...
Noureen A S.
S-Corp Profit Distributions: How Are Owners Taxed?
Dilemma...I have an S-corp. For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distri...
Keith Kaufman
Choosing the Right Business Entity for Buy & Hold
I have found several posts that address the pros and cons of an LLC versus a Land Trust regarding the type of protection they provide. That is not my concern because I believe that if a tenant is injured on my proper...
Ben Kornblatt
Please help- Question regarding depreciation multiple properties
Hello BP community,
I was hoping to ask the veterans and those more experienced than me on this subject. The question is in regards to depreciation with multiple properties. Lets say for example you have two SFH wor...