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Results (10,000+)
Jack Huynh Can s corporation manage a property own by LLP?
1 July 2024 | 2 replies
Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees. 
Spencer Krautkramer Tenant Has Excessive Dog Barking
28 June 2024 | 2 replies
However, the dog has excessive barking whenever the tenant is not home.
Account Closed How to do wholesaling RIGHT? In Maryland/East Coast and Nationwide.
3 July 2024 | 20 replies
This can further fuel the discord between the two groups, as they vie for the attention and business of buyers and sellers in the real estate market.Understanding these underlying financial dynamics is crucial in addressing and finding solutions to the discord between realtors and wholesalers in the real estate industry.Commission Loss for RealtorsThese properties never reach the MLS listings, and since realtors’ commissions are tied to these listings and final sale prices, their potential earnings significantly diminish.Profit TransparencyWholesalers’ profits are somewhat concealed.
Chris Martin If you think gas prices are high now, just wait until you're forced to drive an EV
29 June 2024 | 5 replies
For those in BP Nation who don't know, EVs like my F-150 Lightning run 100% on electricity via batteries and do not use petroleum products as fuel.
Mason Peterson Property Management Software
30 June 2024 | 8 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
Trey Onufrii Building hilltop home. Looking at 2 locations. Which better long-term location?
29 June 2024 | 3 replies
PHX has a hillside ordinance that's not that easy to navigate, so you may lose SF due to excessive slopes or what the ordinance dictates.I'd suggest doing a bit more research - can you get a survey of either property? 
Mike Day Is Airbnb's liability protection enough?
29 June 2024 | 12 replies
Umbrella policies only kick in to cover any excess of what your initial insurance coverage doesn’t cover.
Ana Lidia Standing What would you do if you were a first time buyer?
29 June 2024 | 3 replies
Fico Scores can drop fast when a person starts to open and take out multiple LOC's and mortgages which is considered "Excessive tradelines" based on your DTI.Helocs are great for quick renovations or repairs and should be used and paid off or down quickly.
John Campbell LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
You’re looking at turning a $500k gain from tax free to a tax bill in excess of $125k.
Damein White Mini split or furnace
27 June 2024 | 4 replies
Also, you don't specify the fuel source of the furnace.