All Forum Posts by: Victor Solomon

hey guys -- here's one: 

- I live in a multi unit property (4 units) and would love to make an offer to acquire it from my landlord / owner

- I have a single owner S Corp that does well, I pay myself a reasonable W2 salary with, but not likely impressive enough to qualify for the appropriate mortgage necessary

- Imagine needing ~$6M for the acquisition -- plan to keep one unit as short term rental, convert one unit to office for S Corp and combine the other two to become my primary dwelling 

- I can put together ~$2M cash as downpayment -- but could the S Corp be the entity to acquire this property? 

- Thinking is: low 7 figure gross revenue from S Corp looks better than low six figure salary I pay myself, Using one of the units as S Corp office could unlock some tax benefits, Using the 4th as a short term rental (under the S-corp) could unlock even more

So: Can I acquire property via S-Corp and is this a benefit or add unnecessary complexity because of the past-through structure of corp?

Thank you!

appreciate you boys for the vote of confidence here -- and agreed the best move is to dive in, but has cost seg been oversold to me from an advisor? 

was under the impression from them that we'd be able to aggressively compress 30 years of deductions into a single year to cause a big tax offset -- strategy doesn't hinge on this optimization, but was big value add in my mind. thoughts or experiences here?

thanks!

hey guys -- new to the space and community, really grateful for the resource. 

Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my future. Putting together my first strategy and wanted to get some feedback from the gang: 

* FHA loan to acquire duplex / triplex in cool area of Los Angeles with close proximity to a hospital

* Short term / Mid term rental unit(s), establish one as my primary residence -- possibly pivoting to long term rentals in the future

* Cost-seg to offset private client income tax liability (also takes some cashflow pressure off the short term rental(s))

* Rinse and repeat once annually to build portfolio via FHA reduced downpayment & keep knocking down tax liability from ongoing private client projects

* Maybe one day in the future 1031 all into one large multi-unit property to cash flow into the sunset?

Any major red flags or delusional mistakes in this strategy? Anything more optimal with these three priorities in mind (building equity with long time horizon in mind, tax offset optimization, nimble cash-flow via short term rentals)

thanks all!