All Forum Posts by: Larry Flanagan

Yes I have a CPA but of course this is the busy time of year...

I'm looking for creative loopholes to move some of my personal expenses to the business side so they are deductible.  For instance, I pay $200/mo for a family health club membership.  Could my business pay this for me and deduct it as some sort of "executive wellness benefit"?

Yes, of course I am referring to benefits going forward, not retroactive.

I got a $65,000 income tax bill today.  Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?

Say for example my state-registered business name that I have been using for 10 years is Los Angeles Home Buyers, LLC. Do I have any legal grounds to confront someone who starts holding themselves out as LA Home Buyers?

Yes I know it costs more; the point is to not be on the hook for a loan.

I have read about connecting with money partners via joint ventures as an alternative to borrowing money to buy rental property.  Has anyone done this?  Can you give any examples with actual figures?

I guess if the seller bears the risk of cost overruns, ARV mis-pricing, and holding costs you're not out anything. But $10k profit on a rehab is pretty light.

@Brian Gibbons 

I dont see what you are doing here besides paying more and making less?

Is there a question here?

I doubt there are many people around here "making several million dollars per year" if you are talking about net income.  I'd guess 0-5 regular posters.  Lots of people are certainly making a good income.  But the majority have to be of course - average.

The closing company told me they "have to" cut the check to the titleholder.