Buying rental property with an LLC (Limited Liability Company) can provide valuable legal protection, potential tax advantages, and a more professional structure for your real estate business. An LLC ...
A limited liability company, or LLC, is a type of hybrid corporate-partnership business structure that is available in most states. According to the IRS, LLCs are popular because LLC members (owners) ...
In this video, Entrepreneur Network partner Mark Kohler discusses the importance of balance between your LLCs and rental properties. "If you get one rental, get an LLC. Now, maybe two and three ...
Karla Dennis, EA, MST & CEO of The Award Winning Tax Accounting Firm, Karla Dennis and Associates Inc.—Specializing In Tax Planning. You seriously want to be like Mrs. Jones when you grow up. Now you ...
Q: I own a rental property that I put into a limited liability company (LLC). Now I'm planning to make this property my primary residence. Should I dissolve the LLC? Would there be any taxes on this ...
Starting a rental property business sounds exciting. It can lead to steady monthly income and a chance to build financial freedom for generations. But let’s be real; most people who talk about buying ...
We are often asked how to best own rental real estate. The answer is “not in your personal name, and not in the name of a Revocable Trust or Land Trust that is considered to be owned by you for state ...