All Forum Posts by: Cassidy Burns

Welcome @Michael Shea!

Thank you both.  @Russell Brazil @Michael Plaks very helpful.

Hi All,

I have a question about LLC's, S Corps, and C Corps.

I work as a real estate agent in Washington DC and want to corporate myself for tax reasons.  What are the guidelines for where I am allowed to start my S Corporation.  Do I have to start it in Washington DC?  Also, what benefits does it have in terms of tax write offs, tax savings, etc.?  

Any advice is greatly appreciated!

Welcome @Matthew Young, you will not be disappointed!

Hi @Sharif Ibrahim welcome!  You will not be disappointed.

Hi Bigger Pockets,

I am interested in attending/networking an investor meet up in the Washington DC area.  Is there anything scheduled currently?  If not who in the area would be interested in attending one?  I wouldn't be opposed to setting up a monthly meeting.  

I look forward to the relationships built!

@Tiffany Alexy @Ryan Hopkins @Keivan Darius thank you all for reaching out! I hope to talk further.

Best,

Welcome!  

Hi BP,

I am looking to expand into a different market, more specifically the North Carolina markets of Charlotte, Raleigh, and/or Durham.  I live in Washington DC so I will obviously need to generate feet on the ground/great relationships and potentially a partner while exploring this endeavor.  I am in no rush, as I want to learn the market significantly before I dive in.  

Current Statistics:

Work as a real estate agent in Washington DC.  Also work for a condo Developer in the city.  Purchased my first condo in September 2016 (primary residence), currently renting out 2 of the bedrooms for $1,250/each and living for $650/month.  I purchased my first Duplex in SW March 1, 2017 and have continued to purchase until this point.  My original goal was 10 by the end of the year and I fortunately hit that goal September 1st.

Own 11 Units

-1 Condo in DC

-10 Units (Quadplex, Duplex, 4 Single Family Homes) in SW Virginia.

My Goal:

Own 465 Units by 2022.

Develop a thriving development business that concentrates on larger value add condo/apt. complexes.

I look forward to any relationships that are built and any advice/input that is given.

Thank you BP~

Thank you all for the great advice.  I will keep you posted on how everything turns out!  Thanks again.