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3 Business Structure Mistakes Real Estate Investors Make

3 Business Structure Mistakes Real Estate Investors Make

Starting A Real Estate Investment LLC Why have an LLC? There are mainly two reasons why you want any kind of business structure: Pay less tax, and protect your assets. LLCs can be especially helpful if there are multiple owners of a property. When you create an LLC, you’ll create an operating agreement that outlines...
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The Real Estate Professional Tax Loophole

The Real Estate Professional Tax Loophole

The Real Estate Professional status is a designation given by the IRS based on the number of hours that you work in real estate activities versus other activities. It doesn’t mean that you have to become a real estate sales agent or broker.  You don’t need to drive around showing people houses or putting...
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3 Reasons a Series LLC Should be a Real Estate Investor’s Best Friend

3 Reasons a Series LLC Should be a Real Estate Investor’s Best Friend

For those of you wondering, a Series LLC is a regular LLC with a twist – it can have an unlimited number of subsidiaries (called Cells), and each subsidiary is treated as a separate structure where liability is concerned – if you set the structure up and run it properly. So far eight states...
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3 Things To Do Before Walking Away From Investment Property

3 Things To Do Before Walking Away From Investment Property

If you or someone you know dumped some "bad" real estate, then there might be a ticking tax bomb coming your way. It’s a Form 1099-C and it means you have a "cancellation of debt", and cancellation of debt is taxable. So if the lender forecloses and takes your property from you, or you...
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