All Forum Posts by: Ed Kowalchuk

@Lance Lvovsky

Lance,

Thanks for the quick and easy to understand answer.

If I establish a new LLC primarily as a real estate entity (partnership pass through for taxes purposes) can I use LLC contributed capital to buy stocks and offset some of the LLCs real estate tax losses before transferring the LLC net income to our personal tax return?

Sorry for the run on sentence.

Thanks

Ed

@Kevin Romines

Kevin,

Thanks, I am new to this. What kind of title transfer? Will a simple quit claim be sufficient.

Ed

@Julee Felsman

Thanks Julie for the option. I hope to avoid the transfer but may have to do as suggest to get started.

@Carl Carlson

Thanks Carl, I will probably go down this path. Were you able secure the loan with 25-30% down? If so, I might be willing to accept less that advantage terms to get the business off the ground.

I am returning as a real estate investor who sold my investment property held as individual 20 years ago. So this is like starting over for me again under different circumstances. Since I now have significant outside assets to protect I would like to invest using a newly created LLC. I own my primary residence, have other stock investments and no debt. My wife and I also have w2 income that offers several times the payment coverage for the loan I am seeking.

If I open a Nevada LLC, register it to do business if Florida, will I be able to get a conventional loan for an income property with 25% down if I am willing to provide a personal loan guarantee (credit rating 800+) ? If not, do you have any suggestions?

Edward