Mike McGuire
Grandfathers LLC /Trust
My grandfather had an LLC in his name set up as a partnership and also a living trust. My siblings and I were 15% "owners" and my mother was 60%....something like that!I had to file a 10-K every year for earnings/los...
Marc Izquierdo
Benefits of LLC vs no entity with flipping
In about a year I plan on starting to flip houses with a partner. Recently, I've started to do some research on different entities (S-Corps, LLCs, etc) in order to potentially minimize taxation on our profits.Based o...
Drew Whitson
Too small to create an LLC?
I own five single family homes in the Twin Cities area (Minnesota) and am trying to learn if creating an LLC and transfering these five houses to the LLC is a good decision and worth the time and money for such a smal...
Loren Becker
Am I thinking too far out of the box, using self directed IRA
I have a opportunity to purchase a SFH investment in my neighborhood. I want to use my self directed IRA to fund the down payment and close the deal with a conventional 30 year fixed loan. The catch is funding the ...
Scott Wiederhold
REITs good or bad to invest in?
I am brand new to all this. I have seen seen reviews regarding REITs. Does anyone have anything good or bad to disclose? Which ones to look at and which ones to stay away from. I am not an accredited investor (yet ;)
Smith Ana
Adding tenants to LLC to bypass HOA rental cap
So we are moving to a single family house and would like to rent our town house. But our community has hit the rental cap (20%) and since the HOA is still owned by the Declarant and not really the home owners, there i...
Russell Beach
Questions for Syndication GPs
To those who have been GPs in multiple apartment syndications.....1. What were your first 3 or 4 payroll positions you added to help execute your syndications business?2. How many syndications did you execute before...
Tom Scott
Can I Invest in My Own Business With 401K Money?
Hello all,
As part of my Roth 401K plan I am able to use a portion of my account balance as a self directed investment account. I know I am able to invest that money directly in real estate with the caveat th...
Bill Schultz
The MLS is killing me
I am getting frustrated with finding property. I put in 6 offers in the last month, within an hour I am being asked for my highest and best offer. I guess I wasnt close on any of them even though 2 were full price....
Corey Davis
Silent partner for credit purposes?
An associate says he added a partner into his LLC because she had a nearly perfect credit score, and became guaranteer on business loans and commercial real estate, effectively making it super easy for him to achie...