Category - Real Estate

Should you use an S-Corp for real estate rentals?

November 27, 2017

Maybe. As with so many things, the correct answer depends on the circumstances. Owning real estate in an S Corporation is not a problem in and of itself. The potential issues could arise when you transfer real estate out of the S Corp. Before we go any further, let’s first clarify tax and legal classification

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New Reverse Mortgage Rules

October 3, 2017

On October 2, 2017, the rules relating to reverse mortgages changed. Borrowing limits decreased and upfront costs increased. First, let’s start with a basic definition of a reverse mortgage. Admittedly, this is something that many people have heard about, but perhaps it is not very well understood. As the name indicates, a reverse mortgage is […]

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An LLC as a legal liability firewall (Part 2)

June 9, 2016

It is important to start any venture the right way and the formation of a LLC is no exception. While it is sometimes possible to correct mistakes later, it is not always possible to undo all damages caused or save the money that was spent in cleaning up messes created by improper actions. This is part of a multi-part discussion […]

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