The April 15th due date for filing and paying taxes has been automatically extended 90 days.
Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million. Late filin...
Hello, I have four properties and 10 units. All were purchased in my name. My accountant advised me to set up an LLC for them, so I did. I contacted my lenders to see if it would cause the due on sale clause to be ...
If one sets up a LLC and takes a salary/dividend split via their LLC does all of the money get counted to determine eligibility to continue to receive social security payments? Or....does just the salary portion get ...
The company entity issue continues to come up on this board as well as my landlord’s association. Here is a site that recommends against an LLC or corp.: http://www.johntreed.com/entity.html
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I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mention...
I was listening to a podcast and the guest was saying you can't get a loan for a property for an LLC. So my question is, how do you purchase a property if there are more than two parties involved for an investment? My...
Dear All,I have one rental house that is not in an LLC. Last year I remodeled this rental house. Total remodel costed about $164k. Do I need to have w9 from contractors and issue a 1099?ThanksHoang
Our First rental property, multiple tenants renting by rooms, my adult child being one. House is under Contract, Lender wants to know how to Vest Title. We currently have an LLC we made just for purposes of rental pro...
I have been looking into multi-family properties for the past 5 months in my area and have found a few interesting deals. I’ve come to the realization that I obviously can’t afford the downpayment for a 1-2 million do...
Hi guys I’m just starting and learning REI. I won a bid on a property, and took the risk of the property being occupied. There was a label by front door stating the following “We found this property to be vacant and/o...