Combine this with some major jobs moving in with one of Canada'a largest distribution centers, a very large and new call center, and a ton of other up and coming jobs.

If you do flips inside an s-corp (or LLC taxed as an s-corp) than you can distribute some of your income as salary and some as dividends.

A caution to Persons in Possession of Estate Assets: You may receive this notice of tax due if estate assets or funds were distributed to you prior to the taxes being paid.

It would distribute that back to the investors (i.e., your friends and family who made the loan.)If one person has enough money, that's not necessary.

This money currently earns me about $2250.00 a month but it's PV could diminish if market conditions change making me look strongly at Multi Family RE.The money is in my S corp that is not related to REI.My CPA says to take a Distribution and form an LLC for REI.

You do have to make payments based on a 5-year schedule or the loan could be treated as a premature distribution with tax and penalties. 8)

The LLC should be used for rental property and if the property is held for the primary purpose of renting, then it would be rental activity income and subject to depreciation rules and capital gain upon sale whether it is short or long term.First we need to know who the owners of each entity are and I will guess that you are the owner of both entities.With that being said, the S-corp will make a property distribution to you and then you will make a contribution of the property to the LLC.The entry will be a credit for the asset, debit for the mortgage associated with the asset and a debit to the capital account to show the distribution.

Tax-Free Distributions.

You know, submit one ad, and it gets distributed to hundreds of sites like craigslist.

I have heard of Courthouse Retrial System and Chandler Reports.My current method of deriving this data is not easy and not always up to date.Thanks, :D