Alicia R.
LLC w/S Corp or just S corp in MA (Massachusetts)?
Hi all, planning on setting up an LLC but was told by a CPA in boston to do an S Corp instead because it has just about the same protections and that an LLC has a $500 annual filing fee. so each year I'd have to pay $...
JayCinta Henry
EIN Texas Required, Preferred....?
Wife asked - When applying for a EIN number for a rental property in Texas what type of business should I use?
And I add thusly, Prop. Manager requested a W9. If you have only one rental unit for now can you prefer t...
Gina Qing
Property title implications
Hello community friends, I am debating on how to hold the titles to the two properties that are under contract, given some future implication and changing financial situation in our household. There are lot of my own ...
Lum Zuna
Wondering LLC or just remain DBA.
Hi Guys, first time posting here and just upgraded account. Brandon promised a webinar where he actually goes through this but I can’t seem to find it.
I am wondering if I should open an LLC or just continue to do b...
Allison Flores
TAX DEPRECIATION FOR LANDLORD
Hi, I am new to investing, I do have some properties with my mom but I am now looking to expand our investment and to dive into tax benefits since I was so unaware of it for so many years.
Does property depreciation...
Rick Doshier
LLC Members
I have a question for you full time investors,
I am forming a new LLC for rental property and I am wanting to have me and my wife as partners so she can manage the business if I am away.
How does this work, it is a...
Cory Anderson
What is the most you would pay for this property?
Hey guys,I am looking to buy my first multifamily and am in need of some advice. Below are the numbers on a 4-plex that I went to look at yesterday. The asking price is more than I am willing to pay based on my number...
Erik Larson
Tax flow of lending your LLC money with interest
Hi all, I'm new here and have started taking the steps towards my new future, leaving the 8am to 11:30 pm IT career behind. I've started getting my ducks in a row and was hit with an idea by my banker of all people.I'...
Tom Server
i need to borrow $50,000
I need to borrow $50,000 from my brother for about 2 weeks. Do I need to report it ? Or can he give me 3 deposits
Andy J.
Tax Structure for Multi-Member LLC investing through syndication
HiMe & my partners created a multi-member LLC (lets called it LLC-X) taxed as partnership to invest in a multi family commercial prop via a syndication. We all have equal shares. The multi family unit itself is he...