I am interested in forming an LLC w/ S-corp status for tax implications. The idea would be to build a team and protect my brand. I have heard some people say that forming an LLC is mainly for legal protection and othe...
I am realtor. We bought a house last year as a rental property. My spouse earns more than 150k. When filling tax return turbo Tax staff told him he can not deduct the losses ( expenses and depreciation) snice his inco...
If an unmarried couple wants to buy or build a fourplex, should both of them be on the deed? Who would be allowed to claim the rental income? Let's say one spouse works and earns money, and the other spouse doesn't wo...
I am engaged to be married, and my fiancé and I have talked about buying a second home with the 10% down and run it as a STR. My question is, if I were to purchase a second home with the 10% down in my own name prior ...
So I went to my first ever NJ Tax Lien Sale couple of weeks back...
ALL of the properties sold at pretty insane premiums.. please see below - tax lien amount on left, premium bid on right..
Tax Lien..............Win...
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info
So, I was browsing the Internet and found this article on Bankrate and since I know there are some wealthy BPers on this forum, I thought I would ask what your opinions are. I'm a saving and a believer of a pen...
I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.Does anyone have any recommendations?
I am looking for some advice on structuring a private loan. I have an interested party that would like to invest $100k into my business ( I have not yet created a LLC, but plan to). I have discussed some standard te...
Hey BiggerPockets fam,Anyone who knows the Bay Area knows that home prices here are on the expensive side. I am currently employed at a great company working as a cashier making $17.25 but because I live(with my paren...