Hi all, I have a question on how tax is reported for rental incomes from properties under LLC or S Corp
Fannie mae and freddie mac limits each borrower to have no more than 10 financed properties. I've seen people me...
I finally received my first contract to wholesale! I noticed that there is no insulation in the exterior walls and since the drywall mostly needs replaced anyway, I was wondering what to estimate for that budget? I am...
Hi Everyone,
I am about to start my real estate investing journey, but my debt to income ratio is not that great.
I own almost 500k on my primary residence, and lenders don’t find me very attractive anymore.
My wif...
Hi all, Here is my situation:1) Married, filing jointly, living in Texas2) We, married couple, owns the rental property in our personal name (also in Texas)3) We route all rent income and other craft related income re...
My friend and I have committed to investing in a multifamily deal in Texas and we are thinking of creating an LLC with both us being the managing members. I would like to know if the membership has to be in my name or...
I know part of maintaining a corporate veil (LLC is my case) is to make sure you don't use business funds for personal use, but is it ok the other way around? i.e. using personal credit cards/bank accounts to fund bus...
Hi All,I am forming a partnership with an 1 other investor to acquire a property. I'm having trouble determining the best structure for the partnership and if I should be forming a LLC, a Joint Venture or both. Is the...
So I bought a piece of property for $50k (owned personally) and developed it into a restaurant (LLC invested $125k). Now I’m selling it for ($175k) and am looking for suggestions in structuring the sale between myself...
Hi everyone
Disregard this post pls.