Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.

My dad and I own a 4-plex in an LLC.  We are considering doing a cash-out refi to take some of the equity out and purchase another property.  The numbers work on paper.  What are the tax implications we need to be awa...

Hello,
Am looking for some recommendations for either CPAs or Real Estate Lawyers to help me set up a Sole Proprietorship.  After researching, it seems like this is the way to go when just starting out in REI (as the...

I had a fellow investor mention the need to issue a 1099 to any "lllc owned company" who completes work, over 500.  For example; your landscapers to a $501.00 project, the company is an LLC landscape Co.  you pay him,...

As the title suggests, I need help discovering a current answer to my forth coming tax issues and how to plan accordingly. I found some stuff among the 556 pages in this particular forum thread but it's all older. I h...

I am planning to purchase my Personal Residence in California under single member LLC and rent it to my self. Since I can not deduct my local tax from my tax return more then $10,000/ year. Any recommendation?

Easy question to the experts, but for the new investors what are the advantages? I understand that it’s a good way to delegate liability from the individual to the organization. However, does that make a large impact ...

Thank you in advance for any advice you have.

My situation:
Myself and a partner own 6 SFH within our llc. We purchased them all with cash starting in March of 2012. They range in value from 60k-130k. They are all...

I am a beginner am reading my 1st R/E book (by Brandon Turner), and building my goals and plan.  Can I claim LLC/S Corp expenses, such as classes/examination to get a R/E broker license, if I incur them before I creat...

In search of real estate savy tax expert to help with our first tax season. Do they need to be real estate knowledgeable or does any cpa work?