I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
Hi all,
Happy holidays! : ) So glad to find a forum that is so lively and full of friendly members. I need some help with appraisal and would like some advice.
I own a 11-room guest house with a partner. We have bee...
Evening BP,I've recently been learning/researching about self-storage and came across a 31-unit storage facility in a suburb of my hometown that I can secure for 215kish (pending contingencies/financials of course). T...
Me and my wife are planning to purchase her mom's house. She used to live in the house and now lives with us for about 2 years now so the property still qualifies as primary residence. She is open to seller financing ...
Real Estate is certainly a great vehicle to invest because of the various tax benefits associated with it. However, if you invest with pre-tax money, some of those rules may not apply, for example depreciation tax wri...
Any lending program involving the transfer of title/ownership of your securities to any third party as a condition for funding, is by definition exceptionally risky and according to IRS rulings in 2010 and subsequent ...
Hi,Who knows if it possible to issue a secured promissory note to a private lender and :- invest in real estate securities through private equity funds (vs. typical direct investments) ?- mention in the promissory not...
Hello,I buy and hold properties, and I am trying to find a deal structure by which private money lenders would be interested in providing me long term funds at reasonable rates, as opposed to typical hard money (high ...
Looking for a feedback from tax experts on the following scenario:A client is a self-employed (has an LLC taxed as S-corporation). Pays himself reasonable salary of 35% of the business's net profit. Pays health insura...
Hello! I apologize in advance if I'm not using the right lingo for my question.. still new at this :)I'm trying to figure out the tax implications of cashing out stock and using it to buy property. Even though we'v...