In this episode of Coffee with Carl, attorney Carl Zoellner provides a simple formula for calculating cap rates with rental real estate. https://youtu.be/nKbikNLL2pk Updated December 6, 2024 As you know, I pull my content ideas for Coffee with Carl from...
If you own rental properties, run a business, or have money invested in retirement and brokerage accounts, you've probably considered setting up a living trust. But not every asset belongs in a living trust. Transferring certain assets without checking the...
The new year is approaching, and some of the best year-end tax strategies require action well before December 31. Whether you own rental properties, trade stocks, or operate a business, the decisions you make now could determine how much of...
You formed an LLC, opened a business bank account, and transferred your rental property into it. Now your investment is protected from lawsuits, right? Not necessarily. What happens if you get sued personally? Maybe you're involved in a car accident,...
Owning multiple rental properties through separate LLCs creates an immediate operational challenge. Each additional business entity can mean another bank account to open, fund, reconcile, and maintain. Four properties can quickly become four bank accounts for LLCs. Add a holding...
If you own rental properties, you've probably thought about what would happen if a tenant sued you. But real estate asset protection goes beyond preparing for a lawsuit. Start by looking at how you own your properties, how much of...
If I owned five rental properties in my personal name, I wouldn't rush out and create five LLCs. I'd slow down and look at each property first. Where is it located? Does it have a mortgage? How much equity is...
Most homeowners, investors, and landlords treat their property tax bill like any other bill. The county sends it, you open it, get irritated, and pay it. But what if you're paying more than you have to? Depending on where the...
One of the biggest misconceptions I hear from real estate investors is that owning multiple LLCs automatically means filing multiple tax returns. So, do multiple LLCs mean multiple tax returns? Not necessarily. You can structure multiple rental LLCs to isolate...
Most business owners know about tax deductions. But there’s a tax credit hiding inside a retirement strategy that many business owners may be overlooking. It’s called the eligible automatic contribution arrangement, or EACA, tax credit. If you have an eligible...
An LLC can be perfectly formed, properly structured, and still fail you when a creditor comes knocking. The problem often isn't the LLC. It's the evidence you create after you form it. Every contract you sign. Every dollar you move....
Most small business owners know they have to pay income taxes. The taxes that cause the biggest problems, however, are often the ones they never planned for. I’ve seen successful business owners reinvest nearly every dollar back into their companies,...
You formed the LLC. You created the living trust. You may think you've finished your estate plan. But did you ever transfer your LLC interest into the trust? I see real estate investors make this mistake far too often. They...
