David Coffee
LLC business and Tax Question
Hello, I am reaching out because I have a few questions about taxes and an LLC:
1st. For Tax purposes; is it better to start a Single Member LLC if you are a married couple and your business is a Home-Based LLC? ...
Jeremy Davis
Filing my first LLC towards a wholesale business
Hey BP,
I'm sitting here, stuck on pause, while filling out my first LLC here in Utah. Everything was going smooth, all questions easily answered, and then BOOM! They ask me for my BASIC nature/purpose of business, ...
Tushar Shah
Best Practices for Creating a LLC
Hello BP Members, I am a investor located in Chicago and am looking into buying a multifamily property in North West Indiana (NWI) - Hammond. I plan to buy the property under an LLC and not my personal name via a comm...
Shane M.
LLC for Private Lending
Hello BP Members - Does it make sense to set up an LLC primarily for the purpose of private lending? I am thinking of lending funds outside of my IRA and so from a liability perspective was wondering if creating an LL...
Sandy Blanton
Truth In Lending Disclosure-Private Lender
Bill Gulley Does anyone know if a private individual who funds mortgages is required to provide a TIL? If so, and they failed to do so, what are the penalties? Thanks.
Megan Hirlehey
Implications of taking money from one LLC to seed another
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
Kaylea Bienek
Is turning FHA into llc possible in MN?
I’m new to the investment game and I would like to start out with a residential FHA loan to put little down on a plex, but I would like to establish an llc within the following year for tax benefits and liability purp...
Curt Lawrence
Good idea to use heloc to put down payment on cash flowing units?
Would it be a good idea to use heloc on personal home to put down payment on cash flowing mix use building? Has 5 rental units plus store front in downtown building. Price makes sense just not sure how to get that mon...
Joseph Green
DBA for Self storage or not?
I am purchasing my first self storage facility and I am wondering since I want it to be owned under my LLC, would I need to do a DBA? Pros and Cons? What are my options if not?
Account Closed
1031 exchange
Can you 1031 exchange a property owned by your LLC into two properties you own personally. example belowSteve & Matt are partners on a 4plex. They change title of there 4plex to their LLCThan they 1031 exchange th...