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Updated over 6 years ago,

Shannon Cannon's profile image
Shannon Cannon's profile image
Shannon Cannon
  • Investor
  • from Denham Springs, Louisiana
  • Member since May 5, 2015
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User Stats

47
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8
Votes
Shannon Cannon's profile image
Shannon Cannon's profile image
Shannon Cannon
  • Investor
  • from Denham Springs, Louisiana
  • Member since May 5, 2015
Connect
Shannon Cannon
  • Investor
  • Denham Springs, LA
8
Votes |
47
Posts
Buying & Selling Real Estate

How much to pay yourself from a flip?

Shannon Cannon
  • Investor
  • Denham Springs, LA
Posted

Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax. It is my husband, myself, and a partner as members of the LLC. How much can we "pay ourselves" from the profit to avoid additional taxes? Any advice would be most helpful! Thank you!

Shannon

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