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Specific technical issue that triggered this post. When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18. But what exactly happens in the year the child ...
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Hello,
Can a person take 1031 exchange monies and partner with another investor on a like property? If so, how would this look and be set up? Say I have $100k to 1031 and want to buy a property with a partner that al...
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I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.
I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...
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We are buying an investment property in the Upper Peninsula (MI). We are located in Chicago, IL. And, we need to figure-out the best entity to purchase it under.
Our CPA recommended this:
The most efficient struc...
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Qualifying taxpayers can claim a subtraction on their Colorado income tax returns for certain qualifying capital gains included in their federal taxable income. The subtraction is allowed only for capital gains earned...
Hello Everyone,
I have multiple SFR investment homes in different states. All of them are purchased under individual/Family Trust with traditional 15/30 yr loan term. Mortgages are on our personal name. All the tena...
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I’ve searched this topic but couldn’t find the answer I’m looking for. I have a friend in college who is looking to buy a home to live in while attending school but doesn’t have the down payment or income requirements...
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We have technically two management companies for two separate county's in the area. They’re both ran out of the same office. County 1 portfolio is about 3x the size and owners call us to get management since there isn...
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Hello, (Not Selling a product, simply need advice) This is my first official post on this forum. I have posted this same question on another forum as well. I wanted to get started early with my questions and not wast...
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Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...