Andrew P.
2 Partner LLC and paying Taxes
Hi All,We own 23 units which are starting to turn a profit. There are two of us that own the properties in a LLC (also the %ownership is not 50:50). How does everyone go about paying taxes? Do you take the total out o...
Gary Wright
When to file for LLC or Stay as a sole proprietor
Hello everyone ! I am very new to Real estate investing and I do not own any properties yet. My question is, should i file for an LLC while i am educating myself or stay as a sole proprietor and wait until I get my f...
Mike Scott-Smith
Managed Property Georgia Rental Income Tax Question
Hello Bigger Pockets Family,I have been away for a while for personal reasons. My wife and I need some help, hopefully from someone not a Georgia resident but owns rental property in the state of Georgia.We are looki...
John Yowpa
loan questions regarding money loaned to LLC
hi allMy wife and I started two LLCs recently.LLC #1 is her non-profit. This pays rent to LLC #2, which has the mortgage for the property.In order to pay for the property we of course has to use personal finances for ...
Justin C Huggins
Cash out Refinance of property in LLC?
I have a rental property in the St Louis area, Illinois side that is completely paid off and I want to refinance cash out (25K). This home is owned in an LLC, so I have contacted a couple local banks. The ones I hav...
Dionne Michelle
Filing Taxes with S Corp
Hello everyone, it's tax time again and that's good for most investors$$. I was looking for protection on my properties so I started an S corp last year. However I'm still not sure if this was the right route to go i...
Ben Parr
Income Tracing on Cash out Refi
I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...
Justin Martin
Low income but high cash on hand funding options (self employed)
Hey All, I'm new to investing and need a little guidance on how to get some funding for a housing hack to fix and flip in 2 years. Basically I have the self-employed crux - I make around 100k a year GROSS but my NET i...
Michael Perschke
Bill my LLC for Mortgage
Hi, new member here. I own a home with a mortgage in my name (primary home). I recently started an LLC and am renting the home through the LLC. The home is not in the LLC, how can I have the LLC make mortgage payme...
Sanjay Sharma
How to split cost seg between partners?
I’m adding another forum question to my string of cost seg questions.
I’m partnering up on a purchase. My spouse meets real estate professional status. The real estate partner does not meet status and will not quali...