Hello I own and manage 10+ Properties and all have mortgage or paid off. iam not planning to manage any properties owned by others. Please don't advise about putting properties into LLC as i have went thru that route...
I just recently open a solo 401k for my business (single member LLC with me and my hubby being the members) with me being the trustee. So I am in control of my checkbook. So far so good.
My understanding is that ...
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
So I have listened to multiple podcast referencing the benefits of having an llc. However I have recently started 3 llc's all in different states , GA, VA, NC,. is there a way to set up all my LLC's to allow for one t...
I've seen this topic get brought up in other passive RE forums but am curious to hear from the BP community. It seems we're seeing more and more operators move to a fund model, which I like for diversification. Howeve...
It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...
We just bought our first cash-flow investment property out of state. We live in CA. We are interested in setting up an LLC, but have heard conflicting information as to where it should be.
We have been advised to se...
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
I understand that we as RE investors will benefit from the drop of our tax rate on rental income and other investment incomes from 35% to 20%. But my question that I haven't been able to find an answer to, is what w...
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...