All Forum Posts by: Mark Davis

a friend of mine put it like this

I thought it was very astute

You get out of it what you put in to it.  If you don't apply yourself and work at it, then the system won't work. If you do.  Then it will. And you will succeed. 

My friend made the point. If you apply yourself to educating yourself and asking the questions and listening   Then it will work. And you will succeed. 

The common thing in the two?  YOU have to apply yourself. Guru or not

Nope. Not the same. But thanks for the advice

That is one thing that we were wondering how to do. Or if we should or could do The house is in my name at the moment. We were wondering how/when to get it under theLLC We are thinking that the LLC will need to buy it. But on its own After showing the cash flow over a period of time

Hi 

My brother and I own a property in Lexington Kentucky. There are 2 units in a SFH. We are renting them as short term vacation rentals. 3-7 days at a time.

Does anyone know or know where to look for what we should be collecting for sales taxes

hello!

My brother and are partnering to do some flips in order to finance some rentals

He has been renovating other people's homes for 20 plus years

And watching them sell them

We decided to do some for our selves

While we live in SE PA, we do have a property in Lexington Kentucky that we are currently renting as a vacation home It is a SFH with 2 units. A 3 bedroom and a 2 bedroom. Each with full kitchens. While we are in the black on that. We are looking to move the larger one to a full time rental.

We are looking for advise on the business side of things

There are 2 things we want to get right ( well, more than 2. But 2 off the bat)

First - How to properly set up the business entities. We recently attended a FB 3 day. One of the things they suggested was a fairly complicated ( to me at least) structure with each of us set up as an S-Corp with monies flowing thru a single LLC and that getting money from a trust.

Any one set up anything like this?

I will post the second on a separate thread

Have a Grand Day!!

Mark and Marty

Avra

hello!

My brother and are partnering to do some flips in order to finance some rentals  

He has been renovating other people's homes for 20 plus years  

And watching them sell them

We decided to do some for our selves  

While we live in SE PA, we do have a property in Lexington Kentucky that we are currently renting as a vacation home It is a SFH with 2 units. A 3 bedroom and a 2 bedroom. Each with full kitchens. While we are in the black on that. We are looking to move the larger one to a full time rental.

we have some questions. But I will post those separately

Have a Grand Day!!

Mark and Marty

Avra