Anthony Wick
LLC Partnership Tax Question, with a nuance...
Situation:LLC formed with 3 partners, with one of the partners self managing the rentals. The partner that is managing the rentals will be paid 7-10% of rents each month, much like a hired Property Manager. I know the...
Matthew Haralson
Filing a business entity for a real estate agent.
Scenario: My wife is about to have her real estate license. I do not. She will work for a brokerage, obviously. We are wanting to form a partnership that she would receive her commission payments through. We want to f...
Vince Coffeen
1031 LLC owned property into conventionally financed self-owned?
My wife and I just put our first rental property (condo) into our LLC with the expectation of finding and buying a new property to purchase with help from the proceeds from a 1031 exchange of the rental condo. We are ...
Deanna S.
Looking for a Recommended Trustee for Self-Directed IRA
Hello, BP Community. This is my first post so thank you in advance. I would appreciate advisement on recommended Trustees for a self-directed IRA. Currently, I have a self-directed IRA with Vanguard and they infor...
Mike Helminger
Who Has Done a Syndicated Deal with Scott Meyers?
I'm looking to invest some funds with Scott's platform. Just curious on feedback from members on the forum how their syndications went/are going. I know he's considered the guru around these parts and has educated man...
Jim Jennings
Insurance And Structuring Questions
As I'm just starting out, I have been checking the boxes on diligence on structuring the first few deals. Does anyone have thoughts on the following:1) Insurance - What are your experiences with using an umbrella pol...
Cody Butler
Reporting Period for Owner Reports
I am a property manager; Owners of apartment buildings, townhomes and mixed use buildings hire my company to manage their buildings for them. Each month I create a Profit & Loss Statement and a General Ledger (aka...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Paresh Patel
Is there a tax deduction for defaulted loan interest not-paid?
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
Dave Poeppelmeier
Stealing Trash Cans?!?!
Question for those in Property Management: What is the deal with the big lift-type trash cans getting stolen? We are still literally digging out some streets here in Toledo from the snow this week, and we've had sever...