Tony Kohnle
50% Private & 50% LLC ownership
I saw a deed and mortgage where ownership was split 50/50 between a (new) LLC and an individual. Is their any particular advantage to this? Or was it just individual preference of the partners?My first thought was it ...
Thomas LeBarre
Personal loan for LLC versus LLC obtaining the loan
Greetings,So myself and 3x other individuals plan to purchase 15x units together under a LLC. My question is should we each apply for personal loans using our individual 20% down payment for a small business loan then...
Sean Gover
LLC and non LLC partner.
I have a sole LLC set up and was wondering if it was possible to have my LLC partner with someone outside my LLC? If so, how would I approach this?Thanks
KK Umang
Structuring loan for LLCs
Hi,
Complete beginner here. How do you structure/take loans out to the LLC corp if it's a multi-partner LLC? Do they check the credit of everyone in the LLC based on % stake or some other way of doing this? Or is t...
Account Closed
Rental Property Tax Question
If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on ...
Audrey Cranmer Moini
What is the Best Way to us your 401k to buy a Home?
Okay, so I am running into an issue right now. I have plenty of money to buy a home but it's locked up in a 401k with an employer I don't work with.
I want to find a way to not have loose 40% for taking it out before...
Marcus I.
Help with a RE "sell or keep" issue
Need help in making a critical decision. This is a little lengthy of an issue for me, but I’ll try to keep it short while still giving you the proper details.
I currently own a home in AZ that I am renting out and h...
Terrified of running out of money in retirement? Countless people share the same fear. With so much recent discourse surrounding inflation and a looming recession, you may have a tighter grip on your money than usual....
“Get rich slowly” is a concept that most people in the FIRE community can get behind. “Time off,” on the other hand, seems to go against the idea of grinding to financial independence now and waiting until later in li...
If you haven’t started your retirement planning yet, you’re not out of luck. Whether you’re in your twenties, thirties, forties, fifties, or sixties, there’s still time to get enough into your accounts so you can walk...