Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...

Hello All,I have recently teamed up with two other people to form a partnership pursuing MFH in the Philadelphia area. Originally, we thought it would be best to form an LLC, but after consulting with a few local inve...

Hi everyone,My partner and I bought our first property last year under an LLC. We deferred our tax filing this year (both LLC and personal) because we weren’t ready in time, and are using a new accountant.We just rece...

Hello,

I have a residential loan on a rental property that is in my name currently. I am planning on selling that property and 1031 into a larger apartment building which will be a commercial loan and held in an LLC....

First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...

A friend and I just finished a flip with pretty much a 50/50 split arms length agreement. Everything went fine, no arguments or problems.

The question(s) surround the taxing and distribution of funds. Both the hard...

I currently have a LLC registered in the state of Illinois. If I were to buy an out of state property, what's the best way to go about holding that property? Can I hold it in my Illinois registered LLC or should I cre...

In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI).  Does that apply to conve...

I got wrapped into an informal partnership on a real estate flip project that we are about to sell after 3 months of rehab. We split the costs 50/50 and we are about to close soon. Since the partnership/deal wasn't un...

Hi guys New to this forum and have been getting conflicting advise on this matter. This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax...