Adam Briley
Military to Real Estate Investment Professional
Hello Everyone, I’m am looking to retire from military service soon, and I would like to get advice on what the next step should be. I am very interested in the investing side of commercial real estate, and I wou...
Kyle McCorkel
Which LLC to use for a flip
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Account Closed
Transfer house to LLC?
Good Morning BP!
Details:
My wife and I are talking about buying a new house and renting ours out. We have run the numbers and everything looks like it will work out.
My concern is that we will have this rental ...
Alik Levin
Car cost 100% write off as 179 expnse
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
Christian Drbal
spouse as LLC for tax benefits
I'm a full time W2 worker opening an REI LLC and want to ensure maximizing tax benefits for investment expenses under the LLC. I have my wife listed as 50% owner of the LLC as she is not employed. Does she need to b...
Latonna Hill
Unsecured credit lines
Hello, has anyone had experience with Tom Kish or Dave Candle(Credit Card Builders) with obtaining unsecured business lines of credit.
Mary Joe
LLC corporate piercing cases
It's best not to have an LLC than to have one that is put together or run poorly.
I came across this case "Colorado Court of Appeals Pierces the Veil of Single-Member LLC with No Showing of Wrongdoing" - I ...
Victor Baronich
Real Estate Professional Tax Status question
I have my rentals set up in a C corp. I also own another C Corp business which I receive a w-2 from. I would like to raise my income on the non-real estate business, but want to have the REP tax status first to cut ...
Mike Mitchell
sub prime fallout investors' perspective
Several people have been asking me what the sub-prime loans that are going bad will mean to guys like us. It seems to me that if the lenders have to take back these properties it will simply push prices down and the ...
Neill Herbert
Corporate Distributions & Your DSCR Calculation
In preparation for a Commercial Real Estate transaction, should I include, or exclude, my quarterly corporate distributions when calculating my DSCR?
-Thank you