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Hi All, I am a Canadian - recently I have been doing a fair bit of research on investing in an American real-estate syndicate through a LLC.It seems like a good place to put some capital for a passive return, however,...
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I am reading that the mortgage deduction is going to be for loans up to 750k on new deals for primary residency....., how about for rental properties? is that any different? is this capped to 750k total or is it per...
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Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp...
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For those who've been doing this for a while (or for a short time), what legal entity do you use for your REI business?
A) LLC
B) S-Corp
C) Corporation
D) What's a legal entity?
Extra points if you feel inclined...
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I have a good problem on my hands. I am about to close on my rehab that took about 6 months from buy closing to sell closing. I also expect to do very well and receive a big, one-time windfall of cash.
I am...
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I have a LLC that is owned by my wife and I. Ever since it was created, we have elected it to be treated as partnership and pay self employment tax on income (if there is income in a given year). My current accountan...
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With the new tax law going in effect in 2018 it seems nobody knows the specifics of how all this will play out, including the IRS. I did find an article that states:You qualify for an income tax deduction equal to 20%...
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Hello....new to the forum of BP
I have a c-corp that is loaning money to a new LLC I set up to purchase rental properties in texas. My question is can I legally structure the note where the first payment isn...
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I read that landlords are exempted from issuing 1099s to contractors and laborers. Does that apply to buy and hold rehabbers as well?
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I was left property from my husband that Belonged in his c-corporation and he was the only stock holder. I did not inherit the corporation, law firm did a quick claim transfer to me , property in Florida. What are ...