Thomas Morris
Sell Home to LLC and Then Make It Rental Property
I found an article at This Link entitled "Sell Home to S Corporation and Then Make It Rental Property" fits my situation pretty well, except I want to sell it to an LLC that I already own. Would the article apply to m...
Daniel Tanasa
The Inssurance Company does't want the insured name to be my LLC?
Hello Guys,
I am in a situation with my insurance for a property. My previous insurance expired and I changed the carrier and got a new insurance under my LLC name. However the mortgage company ( a local credit union...
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
Hello BP,Just curious to hear how other GPs keep LPs in the loop when they are looking for deals/do not have any opportunities currently available for them? I know some like to do newsletters/mailing lists but I was c...
Doyle Brewer
Mortgage loan from mom - 1099-INT?
Does the lender or the debtor initiate the 1099-INT in a family situation like this?
Thomas O'Donnell
Should I set up a Checking/Savings Account for my rental?
I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...
Russell Buxton
Pay off mortgages or use interest as tax deduction?
I have 4 mortgages where I am paying approx. $35k per year in interest. This obviously reduces my tax burden. With other deductions, I pay no taxes at all. I have the funds to pay off these mortgages. Would it be wis...
Nathan Farkash
Purchasing Property out of state - LLC Question
Hi, I am based in MA but about to buy rental property in NY. If I were to form LLC to purchase this property, should I be filing in NY or MA? I will not be conducting any business in MA just collecting checks as I wil...
Chris Oswald
Solo401k creation timeline
I have looked into the self directed IRA and solo 401k and feel the later is a great option for me (yes I am self employed). I am curious about the timeline to have funds from previous employer retirement plans and a...
Shawn C.
Self Directed 401k for Apartment Complex
I am a real estate broker. I want to buy an apartment complex with an old 401k by converting it to a self directed and leveraging debt. I understand I cannot draw on the fund and the gains have to be reinvested. ...
Marc Shin
STR bonus depreciation when purchasing with an LLC?
I work a W2 job and pay a lot of taxes. If I purchase an investment property with an LLC can I still take advantage of the STR bonus depreciation? or do I need to purchase in my personal name in order to take advant...