All Forum Posts by: Arthur Kineard

Would it not be a better idea to just hire him full time? I know this is an old post and I am considering oping a construction company. I have never had luck with partners so I prefer to keep total control. How much is a good GC? 100k per year? Then you can do work for other flippers too. I don't know I am just spit balling.

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Originally posted by @John Acheson:

Generally you want higher income two years before you apply for financing, so you could change your tax strategies depending on which years you need a loan.

The most interesting real estate tax tactics to me are the 1031 and cost-segregation depreciation.

Also, as a retail business owner, you can qualify for some SBA financing that will allow you to owner-operate commercial real estate to where you could run your store in a building while renting out some of it at the same time to generate that income.

And for commercial you can use the income from the target property to help your income.

That is something I am considering and looking into. The 51% occupancy requirement is not ideal. In my mind small 20,000 square foot shopping centers would be ideal as far as investment goes but my retail stores need no more than 2000 Sq/Ft. If nothing else this is all very interesting. Dozens of forked roads most ending in dead ends. Just have to find the road that is not a dead end.

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Thanks everyone; not exactly what I wanted to hear. Getting loans for my retail business is much easier but more expensive. Yes I would like to have my cake and eat too.

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I own a retail business that is doing well. I want to diversify into real estate as a tax shelter and for money. My primary question is how do I show income after taking advantage of all the deductions? I can take deductions now but that brings my income down. If I don't use the deductions by tax bill goes thru the roof. If I don't show income I can't buy real estate.

My goal is to show as high of income as possible to buy real estate without paying excessive taxes.

Every deduction now takes away from my income, and income increases my taxes.

Does real estate depreciation solve this problem?

Does anything else solve this problem?

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All Forum Posts by: Arthur Kineard

Arthur Kineard has started 2 posts and replied 14 times.

Post: How to choose a business partner that brings general contracting experience to the table but not much money.

Post: How do I show income while minimizing taxes?

Post: How do I show income while minimizing taxes?

Post: How do I show income while minimizing taxes?