Legal Side of Entity Structuring for Real Estate Investors
Thursday, August 03
When choosing an entity for your real estate investment, it is vital that you understand the legal issues involved, so you can protect your assets. We have already explored the tax implications of entity structuring. In this article, we will look in depth at the LEGAL side of entity structuring, ...
Entity Structure Questions & Answers (Part 4)
Thursday, July 06
This is the final part of our series on Entity Structuring Questions and Answers. QUESTION: “A client came to me and asked why he did not get any stocks from an LLC. I told him that LLC does not issue stocks. He told me that he once went to an attorney to set up an LLC. He keeps insisting that th...
Entity Structure Questions & Answers (Part 3)
Thursday, June 29
This is part 3 of our series on Entity Structuring Questions and Answers. QUESTION: I have a rental property in Colorado and have created a Colorado LLC to hold it. However, I bought the property under my own name and have a small mortgage under my name. The mortgage company won’t let me transfer...
Entity Structure Questions & Answers (Part 2)
Thursday, June 22
This is the second of a four-part series of Questions and Answers related to entity structuring. QUESTION: A few years ago I entered into a partnership with my brother and a couple of friends. We purchased a single-family house to rent out. We (over)paid around $127,000 for the house. The propert...
Entity Structure Questions & Answers (Part 1)
Thursday, June 08
Selecting the right entity structure for your real estate deal can mean the difference between building and losing incredible wealth. It’s vitally important to incorporate correctly to protect yourself, your assets, and your wealth. I get a lot of questions about entity structuring, particularly ...
Automatic Pre-Audit Preparation
Friday, April 07
Everyone should do their utmost to prevent an audit on their taxes, but you should always be prepared for an audit. The best way to increase your chances of coming out of an audit unscathed is to keep excellent records. The IRS will not take your word as proof of anything, so it pays to have as m...