Attempting to structure a 50/50 partnership for a 4 property acquisition, fix and flip. My question is how to structure into the operating agreement a management fee for handling the ground work for all 4 properties?
How do partnerships decrease or eliminate SE tax?? Are both allowed to be limited partners? Is the only way to create an LLC and 2 S-corps, one for each partner?? Who's the smart one that knows this answer?
Hey BP. As the title suggest, I'm looking to purchase a vacation home in a partnership LLC. My friend and I reached out to a lawyer that suggested it is doable, however, so far we have only found lenders that require ...
Hi BP Community, I am searching and cannot find an answer to this so thought I would start a post and see if the BP community can help us navigate. My wife and I are looking to invest into Fundrise, an eReit, that inv...
Hello Everyone,I just purchased a commercial industrial building for my business using a separate LLC. I was wondering what is the best way to go about this. Should the business pay rent to the building llc? Does anyo...
Have a Solo 401k that owns a couple of rental properties. Now rehabbing a new property I intend to flip, but discovered the UBIT tax issue. Several references discuss how holding for over a year avoids UBIT. One refer...
Hello BP'ers! I am an agent and looking to invest. I purchased my SFR in 2019 prior to getting my license or being even slightly knowledgeable about investing in general. I switched to being a RE agent full time in De...
Single member llc did a1031. Can someone buy into the single member thus forming a partnership after the exchange?
A CPA (in prior year) told me that if my rental property has avg rental period LESS than 7 days than my losses can be treated as "NON passive" on form 1065. in this case they go on page 1 of the 1065 and I do NOT comp...
We bought a property in 2019 using a 1031, now we want to refinance that property but as part of the re-fi we want to move it into an LLC.
Will the change in title (ownership) trigger a tax bill because we used 1031...