The Basics: REITs vs Limited Liability Companies

REITs vs Limited Liability Companies: Knowing the Basics Curious about investing in real estate to earn passive income? If you have been doing your research, you have most likely come across the two most popular options for real estate investment. Real Estate Investment Trusts (REITs) and Limited Liability Companies (LLCs) are the go-to choices for someone looking to earn passive income through investing. There are important similarities and differences between these types of investments, and we aim to guide you through these in this article.   What is a REIT? Real Estate Investment Trusts are companies that invest in groups of properties that are...

K-1 Tax Forms: Can They Arrive On-Time?

K-1 Tax Forms: What's the Deal? Whether you are an investing partner with us or another investment entity, you may be well acquainted with the Schedule K-1 form. This Internal Revenue Service tax document is important for partners to see their individual reports of earnings, losses, credits, and deductions from the fiscal year [1]. The reason we send you K-1 reports is because investors are subject to being taxed on their income from their partnership. Arriving Late? Its Normal...

Review of 2018 Annual Berkshire Hathaway Meeting

The Woodstock of Capitalism   This past May, I traveled to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder’s meeting for my 4th year in a row. Chairman Warren Buffett (87) and Vice Chairman Charlie Munger (94) were as witty and wise as always, and they masterfully answered investor’s questions for over six hours. I hope to have that kind of stamina and knowledge when I’m their age! Every year, I compile my notes and commentary into a huge document that I find myself referring to constantly. As I have in the past, I want to share this knowledge with you. Don’t...