William W.
Tax Implications of Sale of Primary Residence to LLC owned by me
Hello. I've seen this question asked before but I haven't seen an answer that address my specific concern. I think the question is best posed to this sub forum.I have a condo that I've owned as my primary residence....
Mark F.
What kind of instrument do I need?
I have a mortgage (2.5M) on a residential property located in the state of HI, titled in my personal name. I have enquired with lender about in shifting title to a single member C-Corp, but they don't allow it "Bank’...
Vincent Incopero
LLC vs S-CORP's - Stop Searching & Asking, Start Reading Here
ENTITY INSANITYTHE REAL DIFFERENCES BETWEEN LLC’S & S-CORPORATIONSSo you’ve decided it’s time to start a business, Congratulations! You’ve know realized/learned that conducting business without the blessing of li...
Kristen Chapin
1099/LLC/SCorp- Tax Advantages
I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story. I work as a licensed 1099 contractor in real estate. You can pre...
Kevin Scott
Nevada Corporate lawyer recommendation.
Hello all.I am looking for a recommendation for a Corporate lawyer who is Lic in Nevada. We have a corporation, registered in NV. We currently have a free and clear property in trust within FL. We need to consult with...
Dakota Mivshek
Canadian Capital Partner for flips & investments - how to structure?!
Hi there. I have a quite ready & willing capital partner who is a Canadian citizen. Actually a small group of Canadians. If we were to partner in such a way that included them providing capital and our team doing ...
Anders Jax
How are depreciation & taxes factored in to a property's finances
So when I google Real Estate Income Statement, none of them have depreciation or taxes on the them, like a normally company would.So where the heck is this factored in? Is there is a typical LP/GP structure, with an L...
Account Closed
are down payments towards mortgages considered "loans" to your business?
Hey BP.
I had a discussion with a friend about real estate investing in which he stated that all finances used towards down payments for a mortgages can be considered a "loan" to the business and thus recouped 'tax f...
Carlo D.
Is the Wyoming LLC route a valid way to protect yourself?
Hello to the Community. I'm really confused. So although the common wisdom or recommendation is to talk to a lawyer (which I did) I'm getting conflicting advice on this whole issue of Wyoming LLCs and the level of pr...
Saajan Bhakta
Buy a House through Business?
Hi All,My father owns a motel (located in WI) and lives on property and works. He is planning to move across the border to MN (much cheaper health insurance) and live in a house and step away from day to day activity....