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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...
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...
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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
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 ...
In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations. According to passive activity loss rules, every business is obli...
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Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent. Two of them decided to move out in December without informing me. One of them acciden...
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Scenario:1 commercial prop owned by 5 peopleGoal: sell it to me but they each want to split proceeds AND use 1031 to go buy individual props.problem: not doing a single like-kind exchange it looks like they can't spli...
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Hello all, I am currently working with a Church in the Danville/Avon area to build a recovery type of program. Basically we are wanting to help individuals get back on their feet who might be struggling from a variet...
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Hello BP/DC RE investors,Anyone have personal experience registering a duplex in Washington D.C.? The website clearly states the following: One Family: This classification applies if you own and rent out single-family...
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It's a jointly owned multifamily rental in Westchester County, NY. LLC was created (2 yrs ago) for filing taxes but we never changed the name of the Deed/Title to the LLC name, it's still under our 3 individual names....