Rental Real Estate - Structuring & Tax Planning with Mark J. Kohler | CPA, Attorney
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- Опубликовано: 24 июл 2024
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#markjkohler #realestateinvestment #taxplanning #smallbusiness #kkoslawyers #paylesstaxes #taxlaw #wealth
i am a 58 year old business owner who has built and sold multiple companies. i am no financial genius however i do have common sense in investing and taxes and have learned to identify good cpa's and legal advice (the hard way). This is guy is top notch. The advice he gives for free on youtube costed me well over $250k over the past 10 years in business alone from financial experts and various losses. Well done Mark.
Thank you for your input.
Mike, I recently lost my CPA and will be looking for a new one this year. Any advice on good and bad flags/characteristic I can look out for?
I’m currently less than 5 rentals and Airbnb’s combined.
Thanks!
I left a comment on another one of his videos.
" A kid who unboxes toys. Can have a billion views. But a qualified CPA. Giving away free financial planning, only gets a couple hundred thousand."
It shows us a small example, why so many people participate in class warfare against wealthy individuals.
@@dnutpub Call Mark's office and get a 15min free consultation to see if his company can be assisntance to you. He saves our investors way more in tax savings than he charges. And he focuses on asset protection.
@Mike Starks - Isn't he awesome. I absolutely love the way Mark teaches. He keeps the,audience engage and makes it entertaining. I'm just grateful he teaches several course in the real estate investing education company. He is absolutely the best!
@3:10 Structure: Active (Rehab, Fix N Flip) Vs. Passive (Rental Management)
@5:15 Passive Structure TRI-Fecta! (Cashflow, Tax Losses, Equity)
@6:06 How are gains on FLIPS taxed?
Hold
Thank you Paul!
@@MarkJKohler Hey Mark excited to see your reply. BTW: It's Raul....like "Paul" but with an extra stick.. lol. Just thought you should know since we'll most certainly be doing business in the near future. Thanks and be well!
I’m 5 min in and I couldn’t help but say the way this man delivers information is incredible… can’t wait to dive in to more of your videos mark excellent job
Not only the free information you provide is excellent but the way you deliver it is super engaging and easier to understand. Great teacher. Thank you.
I love that you do these, it just goes to show how much you actually know when you answer these on the fly. Thank you so much!!
Thanks Jalapeno! I am happy that you are enjoying the content.
Thank you for such great education
I’m learning so much
Seems like I found my team!
So much more confident to approach this category and untouched waters.
Cheers
Where have you been all my life!!!???Glad I found you!!! Thank you for valuable information.
This has been the most informative video I’ve seen on real estate. Thank you!
Wow this is my guy! Needed your assistance years ago. Never too late. Thx👏
It is never too late Peter.
This guy is incredible. I learned an enormous amount of info! I paid $500 to transfer a deed some where else!
Man, I like the way Mark thinks and talks. This is my 3rd video and I'm sold on this guy. He is telling me that the way I run my business is correct and it feels good for the confirmation. So many others don't understand the BIG game.
This is the most beneficial information I've learned in my 33 years alive! Awesome!!
Mark!
I am beyond excited that I stumbled upon this video (BlessUp RUclips Algo). I have been just a BRAIN SPONGE for all real estate investment. I’m a visual and Audio learner and this video was INCREDIBLE.
I subscribed and liked. You are the best and I hope to see you live!
Very interesting, Thank you Mark. I love to do real estate but no idea how to start it. Now I do. But I need to watch your videos more.
I paid $300 to my CPA to get these information and he just give away these information for free, thank you!
Great video, but the best part was at 22.09 when he basically told us to manifest it
Leaving today from Richmond VA to Nashville for BP conference & then comming to attend you in Chicago & then back to Richmond.
Mark is amazing. The energy is through the ROOF!!!
Love the shout out to pharmacists! Looking to pay off my credit card debt from pharmacy school then do "house hacking" into my first rental. Thanks for all your videos!
Great job. Thanks for the information.
Not only did I learn, I laughed! Thanks!
Thanks so much for all the tips. Excellent source.
Thanks for your feedback!kindly subscribe and for more info.
Textme@+1 (925) 412-1877
Great stuff 👏🤓✅🍻 thank you I will look for the book soon 👍
In the first 20 years, the mortgage payment goes almost all on interest and very little on principal. I would give about 2% on mortgage reduction.
He gives off pure Tony Stark energy! Love this! Subscribed and just registered for a chat with the biz :) thank you!
I try for a Jason Bourne, but I'll take Tony Stark ha! So glad you enjoy the content! Excited to work with you!
Lol wow you're right . I can't get it out of my head now 🤣
Great presentation. Thank you
So informative - thank you!
Great informative video . Thanks a lot!
i love this guy love your personality
Nice video. You need to get some fitted shirts. You'll be very happy and it will do wonders for your style.
I love these MJK videos. I hate youtube commercials.
Don't we all? haha!
Excellent video. Thanks
What is the difference between limited partnership and LLC in terms of tax deductions, limitations in tax deductions, ability to deduct or need to carry forward the losses etc.
Thanks you God bless your! Great video.omg, I save it and share bec there’s so much info , great info here.
Hi there! Its June 3,2021.
I'm from San Diego, Ca.
I just discovered ur channel. So glad I did.
What's the name of ur book ur suggesting?
I wish you would decide to do a video on contract for deed/land contracts. It seems like a good way to sell a small business, but I don’t understand how that works when there’s equipment like trucks involved? For example, two or three years into the eight year agreement what if the new owner wants to upgrade this equipment? What happens to your security? What happens if he defaults later?
Besides your knowledgeable wit’s :)) you’re hilarious 😆 thank you for sharing💪🏽
Thank you for the compliment Angeline!
Hi Mark - really love your content, very informative. My understanding is that Indiana also allows series LLCs - since 2017 I believe. Can you confirm this is or is not true?
Can you go over accelerated depreciation or bonus depreciation? Thank you
Well done! Love love your presentation and style. You answered all my questions in one video. Thank you so much! Btw, I just ordered your book.
So good! Getting the book asap
You’re the coolest tax attorney on the planet. Tax attorneys are usually weird. Lol.
Love You Marky Mark! Mahalo 🤙🏼
Love the info. I am in Texas wondering if can put cattle business in with rentals with a series LLC? Any education on this would be greatly appreciated
My parents made too much and couldn't write off their rental deductions for almost 15 years. Their bucket grew to over 300k.
Hey Mark what entity tax structure should we put owner finance sales into, the scorp/ flip company (I will be buying and selling within 12 months) or should it go in the rental llc?
Thx for sharing Mark🙏
for passive investor, real estate loss also carry forward and can be used to mitigate Capital gain when you sell the property?
Awesome Video Mark.. Can you please provide more details on the COPE LLC?, How to protect asset?
Check out my article on COPE: markjkohler.com/what-is-a-cope-entity-for-asset-protection/
I bought your book on amazon. looking forward to reading it.
Yay!! Thank you. You might want to check out my other books too :)
I am in awe of the multiple bombs of truths that he has dropped for free
Imagine the bombs dropped for you after you hire his office to do your taxes! Value far exceeds his rates!
love the videos and think we are ready to make the jump to you guys. However, I own some properties with partners 50/50 in existing typical LLCs, but now I want to change the structure now to say: I do a joint RLT with my spouse that owns a WY LLC (single Member/me) that owns a Tennessee Series LLC (single member/me) with 60 properties of which some are owned by just me some me and spouse and some me and other owners. This is the structure I want to do, but having trouble explaining to my partners on a couple of properties that they will still own the same 50% that they currently do. Can you help me explain.
Thx Mark, just found ur video. Great Info.. JohnCat 😎
Very interesting video!
Fantastic information. Thank you
Glad it was helpful!
You got the best info on the tube...
Thank you so much!
I am new to your channel but found it informative
Thanks for your feedback!kindly subscribe and for more info.
Textme@+1 (925) 412-1877
Wonderful class
Thank you so much!
Great info!
Thanks!
your video was amazing. i’m a upcoming 19 year old real estate investors, however the thing i don’t get is each llc needs it’s own bank is there something where all payments can go to one bussiness ? because it would be hard to track all your banks and passwords lol
My accountant gave me a copy of your book. Meanwhile I was watching your video unknowingly, I was like, this name sounds familiar, turns out it’s you ! Great info man thanks !
Thank you so much! You may want to check out my other books too :)
I like this presentation, but this scenario is if everything works perfectly. Usually lenders want 20% down, otherwise have to pay mortgage insurance. What about vacancy, repairs, down market?
Mark, what if our lack of wealth stops of from getting LLCs and we have full time jobs...do we get any tax benefits from rental? From my knowledge we can't use the depreciation rule so our passive income might not me completely tax free...am I correct?
The best real estate investment properties for starters are multi-family residential properties such as duplexes. You can live on one side and your tenants on the other side pay your principle, interest, tax and insurance and you can get better rate on the loan and insurance premium as primary resident. You can get 3.5% down on FHA loan even with low credit score. Once you live in both sides over the years, it can become a tax free homestead properties when you sell. In Florida, property tax for primary residence hardly go up at all. It's a no-brainer to own than rent. The interest rate is so low now and the mortgage payment can be almost half the rent.
Hey engineers are not boring! Also my wife is getting a new job, hope she likes realty!
Great information Mark. I purchased my first 2 rentals this year under my name and I wish I would have found you sooner to have everything set up correctly by 12/31. Going buy your book now.... Knew I should have picked tax instead of audit.
Hi! I just purchased your book also! Looking for tax advice. My spouse and I just sold a lot we purchased (for a loss). Can we deduct that loss on our 1040?
What are your thoughts on doing a 1031 in this market?
Ty sir!
When a CPA says ‘we’re going to keep this exciting…’ - I really don’t know how to process this
Hi Can someone explain, how cashflow is a tax exempted, Is it not the profit I made which I need to pay tax?
This guy is very good! I have been listening to different retirement life insurance seminars and also some radio talk shows, a lot of those guys are NOT tax lawyer, NOT CPA, and give out a lot of wrong information! After I listened to Mark, I realized that there is too much wrong information in the talk shows. If are like me, you will stop listen to those other talk show people. I like Mark!!!
Oh my goodness Mark! You’re too much!!
This dude knows stuff.
Wouldn't it be ok to just get a big umbrella coverage instead of LLC if it's only one rental????
How do I change my first home domicile in NJ to a rental so I can move to a home in SC?
Can I use the 1031?
You said 10 or more properties for method 4. Is 4th method for california 5 rental and 1 home? Paying double fees for California and Wyoming?
Thank you for the Great Information. I live in CA and have rentals in different States. I
Thanks for your feedback!kindly subscribe and for more info.
Textme@+1 (925) 412-1877
@@financewizards2271 Thank you for the Great Information. I live in CA and have rentals in different States. I need to open a few Operating LLCs in each State to hold rentals there for Liability protection purpose. However, CA has $800 for each foreign LLC (if they consider we operate these LLCs from CA). To counter this, people are saying we can open a Holding LLC in WY, put ourselves are member of this holding LLC. Then, the rest of Operating LLCs (say, 10 of them), we don't list our name as member, but, they will put down my WY Holding LLC as single Member. They said doing it this way, I will only have to pay one time $800 CA Franchise Tax board FEE because I only operate the WY LLC. The rest of 10 Operating LLCs are not under my name, but, they are under WY LLC. Is this Structure valid in term I only have to pay for one time $800? = one Holding LLC in WY or, I have to pay all 11 LLCs (1 WY and 10 Operating LLCs). Thanks, Best Regards,
Textme@+1 (925) 412-1877
@@ductran8128 Duc - I have a similar situation. Did you find the best approach?
Love this guy
Thanks for your feedback!kindly subscribe and for more info.
Textme@+1 (925) 412-1877
You need to be my CPA ❤
Can I depreciate a property without a mortgage? I purchased the property with cash.
This was so informative 👏
Glad you think so!
I am a W2 employee with a full-time job. I have a few rentals in an LLC. I cannot claim those deductions on my income since that is regarded as passive loss and will only offset passive income. It will not lower the income tax unless I claim to be a real estate professional. Am I correct?. What are my options?
How is cash flow from properties tax free? I have an LLC and want to transfer title to or buy under the LLC
Can a home purchased with my son, using his VA loan, be easily transferred into an LLC?
Can I have multiple rental properties in one LLC? If my LLC becomes s-Corp for my rental, how do I pay my management company? As a contractor? Thanks
So is it better to always have a mortgage on a rental?
Diversified portfolio of quality dividend growth companies > rental properties
How do territories fit in with LLC’s. I reside in Hawaii and have a rental property in Hawaii as well as Guam. Can the Guam LLC fall into the Hawaii LLC or a COPE LLC?
I sold a rental property my brother was a silent partner but not on the deed nor was there a partnership agreement but he did a lot of labor & materials that were to improve the home when the renter moved out how can i handle this situation ? I told him I would split the profits with him and he was issues a wire tranfer from the title company at the closing but it was not on the closing statment it was just dispersed after the closing ? I am not sure how to report this ? thx for any help
How often can a business owner file taxes and utilize these deductions and tax benefits
Can I use the LLC to purchase rental property?
My husband and I have a w2 and and S corp . We have a property we live in and we also have another home we rent. How do I make the rental property an LLC
Good show sir
Thank you!
Can I use my rental income in my llc for my mortgage?
Best part is 12:00 to 23:00
Thank you for your videos! I wish I watched your video 12 years ago. I used a C Corp to buy a rental property 11 years ago. Now I want to sell the property and subject to double taxation. Someone suggest me fill up the form 2553 and convert the C Corp to S corp. If I get IRS approval to convert C Corp to S Corp, can I sell my rental property right away and just pay LONG term capital gain taxes? Your advice will be greatly appreciated!
Mark,
What do you recommend for the California rental properties investors? I own couple of properties under single member LLC.
Leave California like I did.
23:00 😂 I love this man
Does anyone know a good rental property accountant and tax planner in Florida?