chestercran
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Absolutely agree 100% We are on the same page. The reason to place your properties into LLCs is for the liability protection. As a side benefit if you avoid tax...
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Just the fact that LLCs exist regardless of the tax implications.
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Yes. Absolutely, there are hundreds of thousands if not millions of LLCs that have been created to limit liability as a business purpose.
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Yes in this case the business benefit of transferring an asset to the LLC is to limit the risk of loss of all your assets from a law suit associated with the pr...
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For sure it's not right for everyone. Only works to capture the loss, not for phantom income. Only works if you plan to keep the property for a very long time a...
Activity Feed for chestercran
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 11, 2022 7:55 AM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 11, 2022 7:07 AM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 11, 2022 6:56 AM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 10, 2022 7:33 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 10, 2022 4:31 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 10, 2022 3:43 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 10, 2022 11:54 AM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 10, 2022 10:32 AM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 9, 2022 6:31 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 9, 2022 6:28 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 9, 2022 6:26 PM
- Got Cheered for Re: The rent you pay to the LLC is taxable to the LLC.. January 9, 2022 4:13 PM
- Posted Re: Thanks! I would finance house under LLC upon sale. All... on Investors & landlords. January 9, 2022 1:00 PM
- Posted Re: The rent you pay to the LLC is taxable to the LLC. on Investors & landlords. January 9, 2022 12:50 PM
- Posted Re: The rent you pay to the LLC is taxable to the LLC. on Investors & landlords. January 8, 2022 6:46 PM
- Posted Re: Should I sell my primary home to my LLC and rent back? 2018 limits personal deducts, not biz. No cap. gains due on sale side & Id pay fair market to LLC for rent? on Investors & landlords. January 8, 2022 6:34 PM