Holding Homes In LLC Under 501 c 3 Nonprofits (SHOULD YOU?)

Toby Mathis Esq | Tax Planning & Asset Protection

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Holding Homes In LLC Under 501 c 3 Nonprofits (SHOULD YOU?)
Connect With Our Team To Get Your Nonprofit Started 👇
Email: nonprofits@andersonadvisors.com
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Also about: tax law 2018, 2018 tax reform, new tax laws, 2018 tax updates explained, federal income tax rules 2018, 2018 tax changes, 2018 tax deductions, new tax laws for 2018, new tax laws for 2018 small business
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.

Опубликовано:

20 сен 2024

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Комментарии : 54

@TobyMathis 11 месяцев назад

Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/avq

@JustUsSystemInc 2 года назад

Who are some mortgage lenders that lend to nonprofits without a personal guarantor? I have access to buy homes in the city.

@mightyoak11111 2 года назад

Is one allowed to create a non-profit for singles moms needing housing?

@eliakimbenishchayil 5 месяцев назад

You can do it as affordable housing in general but housing laws won’t allow you to discriminate with just single mothers, at least not in NY. Check your local housing laws.

@magnumopus8202 9 месяцев назад

If your LLC is wrapped in the cloak of a 501c3 is it still a for profit company or is this a way to manufacture a fat write off by owning your own charity. Can you profit from this strategy?

@devnullbit Год назад

what about leasing LLC property to non-profit vs donating the entire property to offset a large taxable income.

@shareicereneoj 2 года назад

This is the question I had verbatim

@TS-ed5nt Год назад

Can a series LLC be created under the 501c3 for real estate purchases?

@Jacquesmyers1031 2 года назад

My brain just went poosh. Haha. Thank you for the information. I have scheduled my session for June 2022 for my nonprofit to empower homeless veterans to move from homeless to home lease. With this info, I can have my elderly parents donate their home to the NPO and they can write it off on their taxes. Would that be an accurate statement??

@TobyMathis 2 года назад

That is a wonderful charitable purpose! Anyone can donate real property to a non-profit corporation. The donee will receive a charitable deduction on their tax returns but cannot use or benefit from the property. An alternative, would be a charitable remainder trust. With a CRT, a donor receives a current year tax deduction while maintaining the use of the property for the remainder of their lives (or a set number of years). You would need to have a more in-depth discussion with our CRT expert to determine if this is an appropriate strategy for your parents.

@rickeyalyles7609 3 года назад

Can you use the same mailing address as the nonprofit even though it seperate entities?

@BeautifulSouls 4 года назад

Awesome Thanks So Much Very Helpful :-)

@eliakimbenishchayil 5 месяцев назад

So the property must be in your LLC before you put it inside of your nonprofit?

@KeithCindyPanama Год назад

LLC and 501c ???

@stevetrump9878 5 лет назад

Can the rent from the renter be tax deductible for them .? Use a PET TRUST FOR LIABILITY?

@lozgaming8185 2 года назад

I know you are not allowed investors as a non-profit, but what if a property was owned by an LLC of investors and used by the non-profit? I don't want to do anything shady and this was suggested. Thanks

@TobyMathis 2 года назад

The only time that would not be allows is if the non-profit was a private foundation and one of the investors was a disqualified person. Otherwise, so long as the dealings are at arm's length, there is not an issue. Just document the transaction and have an unrelated party verify its reasonableness (ie accountant or outside director).

@lozgaming8185 2 года назад

Thank you so much! I am learning tons from your videos.

@zackbog Год назад

so do you give the 100k to the non profit to give to the LLC for the write off or give to the LLC in then the non profit

@jorgevelasquez9955 2 месяца назад

Toby, thanks for all your amazing videos. I have a 1031 question. I am thinking of selling my rental bought with a 1031 exchange. There is a $40,000 tax liability. If we finance the new owners with a 20 year note, how is that capital gains payed?

@TobyMathis 2 месяца назад

Great question, to assist you further, I highly recommend you request a free 45-minute consultation to discuss this with my team so we can provide you with an answer that is unique to your situation. Visit: aba.link/avq

@rickeyalyles7609 3 года назад

Can I let the non-PROFIT SUPPORT THE LLC ? TO DO THIS SHOULDI FILE FOR S-CORP Llc... RIGHT?

@diegomedina3887 3 года назад

Can a Non-profit owned home do a Cash Out Refinance? And is that money taxed???

@eliakimbenishchayil 4 месяца назад

Did you ever get an answer to this question?

@rockwarrior5287 4 года назад

Does this apply if the non profit has nothing to do with housing but all the rental properties are under one llc?

@TobyMathis 4 года назад

That depends on the purpose and activities of your non profit. Generally, we do not recommending holding all of your rental properties in one LLC. Please give us a call so that we can tailor a strategy specifically for you.

@rockwarrior5287 4 года назад

An educational non profit...

@lorellewrice321 2 года назад

I currently have a nonprofit, waiting for tax exempt status. Could I set up a consultation with you or someone from your firm? I have so many questions

@TobyMathis 2 года назад

andersonadvisors.com/ss/

@bufubufu8258 3 года назад

so basically i need to buy my rental property in a llc and give it to my non profit

@nyuwyu 3 года назад

Has this question been answered?

@bufubufu8258 3 года назад

@@nyuwyu no

@nyuwyu 3 года назад

@@bufubufu8258 I'd like to see an answer too

@jaquanleech4222 3 года назад

Here for the answer

@Realestatewithalissa 2 года назад

Can a 501c3 own a commercial office and rent it out for minimal payments to a real estate company that supports it ( that donates 1% of any and all commission profits to the 501c3 organization that helps veterans and first responders)? Would that be beneficial and or doable.

@TobyMathis 2 года назад

A 501c3 that is a public charity can do business with its supporters so long as the business is done at arm's length. So the rent would have to be fair market, but can certainly be done. As far as donations are concerned, they can absolutely be made. The deductibility depends on the AGI of the donor.

@Realestatewithalissa 2 года назад

@@TobyMathis Thank you very much.

@christarobin998 3 года назад

So each property should have its own LLC?

@aidacaceres586 2 года назад

Yes, to protect each property

@rafaelgibson3831 Год назад

I am just now watching this clip and i'm interested Is there any way I can reach out to you

@TobyMathis Год назад

Hi, you can find our company's contact info on these websites: andersonadvisors.com/ infinityinvesting.com/

@malachinegrinelli5951 3 года назад

Troy Pickard look HERE

@kimblebreazell-clark3121 2 года назад

Can I use my personal home for my nonprofit If I’m on the board?

@TobyMathis 2 года назад

Generally, this is not something that we would recommend. Your nonprofit is an entity that will be heavily scrutinized and you would want to avoid any transactions that would look improper. If there was a need to have a meeting in your home for the nonprofit, this may be acceptable.

@artmusiccom 7 месяцев назад

Can I use the money I have earned to establish a non-profit organization, contribute those funds to the organization, have the non-profit purchase a house, and subsequently live in the house without incurring federal taxes on the income I earned and donated to the non-profit?

@TobyMathis 17 дней назад

Generally, no. A nonprofit organization can buy a house as long as the purchase is in line with the organization's mission and is for a lawful purpose. If the purpose is for you to live in the home, this would not be in line with the organization's mission.

@sjinvestors250 3 года назад

Hi I have a few properties can I provide housings for veterans and have it under a 5013c

@Jacquesmyers1031 2 года назад

This is what I understood from the video. Have you already established a 5013c to house veterans? There may be an opportunity for us to collaborate. I’m starting a 5013c to empower homeless veterans through mindset training and job opportunities to move from homeless to home lease. That’s basically the mission statement. Let me know if you would be open to working together to solve this issue among our veterans. Little about me. Live in GA and did my 20 yrs in the Navy.