All Forum Posts by: Cynthia Harrison

Has anyone tried the Carrot program to generate leads? Is it really worth it? Seems like they cover all the areas to search.

@Eamonn McElroy. Thank you again for the info! Good advice that has been taken seriously.

@Eamonn McElroy. Thank you for your advice! I like the K.I.S.S method but tend to do the complete opposite! However, I will keep that foremost in my brain.

@Jason D. Thank you also!

@Eamonn McElroy. Ok skip the last questions. Googled it! However, if I go with disregarded entity then I'll have to pay self-employment taxes, right?

Here's my breakdown - I need to be successful in my 1st yr, my goal is to net $50k. My SSDI ($12k, which will become taxable & will stop) and my whopping retirement ($1k/yr) plus I will lose my healthcare.

Won't SE tax kill me?

@Eamonn McElroy. What is a disregarded entity? Would that still protect my personal assets?

@Eamonn McElroy. I just read the forum on "layering". If I plan on doing different strategies would it make more sense to have a different LLC for each and later them? I have so many questions and I want to do this right!

@Christopher Phillips Yes that is exactly what I'm trying to avoid! I'm orginally from NY State and thought I knew about taxes only to discover, in reality, that Kansas put them to shame! I want to avoid paying taxes as much as possible legally.

Thank you, Cindi

@Eamonn McElroy Thank you Eamonn.

I am starting with wholesaling and want to expand to flipping then to rentals (long term holds). Not to concerned with sons yet as it will be awhile before they join in. At the moment I'm on disability and have a very small retirement income. I'm sick and tired of living month to month and need to change things A LOT!

Does this info help? Also I'm meeting with a lawyer this week to set LLC up but after being "let down" by two divorce lawyers I'd like to have some idea going in

Thank you!

Getting everything ready to form my new LLC for my REI company and not sure which is the best way to go for tax purposes. S Corp or C Corp

For now it will be owned and operated by myself but my two sons may join later.

Any advice will be greatly appreciated!

Thank you!

Is/has anyone used Carrot.com for finding leads?