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All Forum Posts by: Andrew Boykins

Andrew Boykins has started 3 posts and replied 23 times.

Post: Lending for Tax Break

Andrew BoykinsPosted
  • Business Manager
  • Annandale, VA
  • Posts 23
  • Votes 7

Thanks for all the help!  Just to clarify, I agree that income is income but for some reason this particular investor is most interested in tax breaks.  Also, because of the number of properties we own and my personal tax breaks I actually think from a mathematical perspective it makes sense as I would guess this investor is in a higher tax bracket than I am in.  

On question on the LLC idea, how do you deal with the returns/cash on a cash out refi? One of the reasons we want to 'limit' ownership is because we make 30%+ on the cash out refi, which isn't actually income. It doesn't seem appropriate for a lender to share in that upside. Since it's not income is it possible to structure the LLC so he gets the tax breaks and we get the cash of the business less his investment + x%? Any thoughts?

Post: Lending for Tax Break

Andrew BoykinsPosted
  • Business Manager
  • Annandale, VA
  • Posts 23
  • Votes 7

I am a part time real estate investor who does buy, rehab, refinance, rent.  I have a bit of an odd question I haven't been able to figure out.  I have someone looking to invest but they are more interested in a tax break than in the return.  Is there a deal structure that would allow them to get the tax benefits w/out being on the deed or involved long term?  Ideally we'd like the investor to get his money back + interest in 3-6 months and be able to leverage any tax breaks from the depreciation and repair (not improvements) BUT we don't want him to have his name on the deed or anything.  Any thoughts welcome.

Post: Lending for Tax Break

Andrew BoykinsPosted
  • Business Manager
  • Annandale, VA
  • Posts 23
  • Votes 7

I am a part time real estate investor who does buy, rehab, refinance, rent.  I have a bit of an odd question I haven't been able to figure out.  I have someone looking to invest but they are more interested in a tax break than in the return.  Is there a deal structure that would allow them to get the tax benefits w/out being on the deed or involved long term?  Ideally we'd like the investor to get his money back + interest in 3-6 months and be able to leverage any tax breaks from the depreciation and repair (not improvements) BUT we don't want him to have his name on the deed or anything.  Any thoughts welcome.