All Forum Posts by: Tyler Clearman
Tyler Clearman has started 6 posts and replied 16 times.
Post: Newbie in Lubbock, Texas
- Lubbock, TX
- Posts 18
- Votes 5
Originally posted by @Jordan Sutherland:
very cool @Tyler Clearman! So do you plan on leaving once you graduate? And where are you originally from?
I am from Abilene. And yes I plan on moving home. But I have time until I do that. I am looking to make my first few deals before I graduate, however.
Post: Tax Benefits of a LLC
- Lubbock, TX
- Posts 18
- Votes 5
Originally posted by @Lance Lvovsky:
From a pure tax compliance perspective, there is no tax benefit of an LLC. You can deduct the same expenses for your rental if the property is owned in your name. The benefits come elsewhere - asset protection, limited liability, tax planning opportunities increase, etc.
How does it help with tax planning?
Post: Tax Benefits of a LLC
- Lubbock, TX
- Posts 18
- Votes 5
What are the tax benefits of having my company own the property instead of me owning it? How can a LLC save me money on taxes?
Post: Newbie in Lubbock, Texas
- Lubbock, TX
- Posts 18
- Votes 5
Originally posted by @Jordan Sutherland:
Welcome to BP, @Tyler Clearman! BP is hands down the best resource out there for REI, in my opinion. Did you grow up in lubbock, or are you just here for school?
Thanks for the warm welcome! I am here for school. I have a year and a half left. I am studying Personal Financial Planning at Texas Tech
Post: Newbie in Lubbock, Texas
- Lubbock, TX
- Posts 18
- Votes 5
Glad to be here! This seems like a great place to learn and network.
Post: Newbie in Lubbock, Texas
- Lubbock, TX
- Posts 18
- Votes 5
Hi everyone. My name is Tyler Clearman. I am a Personal Financial Planning Major at Texas Tech University. I have only become interested in Real Estate recently. But I know it is one of the best ways for me to achieve financial freedom. I look forward to making contacts in the BiggerPockets community.