I'm a relatively new investor with three SFR's, looking to buy #4. I've been advised by my CPA to create a separate LLC for each property, along with individual business accounts for each. From what I understand the L...
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
A partner and I are closing on a quad in Clarksville later this year. My attorney, who is also an investor himself, is encouraging me to hold title in our personal names and run the rental income through our existing ...
I am wondering what the average cost to start a real estate investor business, by getting all the legal, tax, liability insurance, etc?This would be for a fix and flip situation.But possibly a buy-no fix-flip, seller ...
Hello, I’m W2, wife is REP - we are looking for an accountant in Southern CaliforniaAny recommendations for accountants that have been successful using real estate to offset W2 tax liability?Thanks in advance.
Hello;
I received come advice from an accountant saying for each real estate investment I do , form a new LLC for each. toughts? :pup:
If you can provide insight into any of this I would be grateful, I have read GnuCash help / tutorial, and did some searching online, I have not found the necessary information to understand this. Maybe I ...
I recently bought a new property and started renovation with a contractor. I plan on selling it and using the funds to buy another property to renovate. I was wondering if anyone has started an LLC to flip houses and ...
I am thinking of weather operating my llc that I am about to form as owned by just me or include my wife as partner. Which one would be more rewarding for tax purposes.
What I know so far is if I am the only member I...
Hi guys. I have a situation and need some guidance. I purchased a property using personal names, and the property manager is asking me to put it on LLC instead before we sign the contract. Yes, I know it takes time an...