Paying yourself through the llc

A home builder is partnering with an investor to build a spec home. Investor will be financing the construction; home builder will perform the work. They plan to split the profit after the sale. What is the best way t...

Hi, I work with a property management company at one of my buildings (a 7 unit) at 9% of rents. One of the units was destroyed by a tenant and need about $7,000 of rehab. The property manager offered to do rehab in ex...

Good afternoon fellow investors,I just closed on my first rental property, which consists of a main house with 3 attached smaller units (efficiencies) - this is very normal in this area- , everything is on one meter.T...

I am considering owner financing the sale of a building I own.  Will I owe cap gains as soon as I start getting payments or will I not owe cap gains until all of my basis is paid back?  Say it took 10 years to get bac...

Hello All -Complicated tax lien certificate issue here & would appreciate any insight or help.Recently purchased 3 tax Lien certificates for properties in New Iberia, La, through the online auction.  For each of t...

I am hoping someone with professional or personal experience in this area might have some insight.  We are in contract on a triplex investment property and are planning on using HELOC funds from our former primary res...

Are there any issues, or are you even able to, doing a 1031 exchange on a property you own subject too the existing mortgage/financing and still a balance due on the mortgage/financing?????? Seems like there would be ...

I live in Pennsylvania and have recently bought two duplexes out of state.  My wife usually does our taxes as she majored in accounting (is not an accountant).  However, now that the taxes will be a little more compli...

I bought a property last April that my son and 2 college student roommates are living in.  Getting ready to do taxes for the 1st time since purchasing.  Do I treat the property as 1/3 second home that my son lives in ...