Here's to making 2016 the highest earning year to date.

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.

And badly managed, as it seems too many are, they will put onerous restrictions and costs onto your property, reducing the price.

For example if your adjusted gross income is $120,000 you will have to reduce the $25,000 exception by $10,000 and the most rental real estate losses you can deduct will be $15,000 for that tax year.Don't let your high income penalize you!

Anyone with earned income (or an existing IRA) can open a self-directed IRA (SDI) and invest in real estate, loans secured by RE, business ventures, and many other vehicles.

I've been looking through the forum for a bit and I've seen bits and pieces about taxes, but I wanted to know if profits from wholesaling is considered earned income or not.

I'm doing well enough with other investments in the S-Corp to not worry about the rental income I think, but it is one of the reasons I want to get them over to the LLC.They have been depreciated in the S-Corp because they have been put into use (earning rental income).BMR

Remember you will need a high earning account in order for this to work and the ones that are tax deferred are your best options.

I suppose many of the gurus have earned their reputation of a scam, rip off, or whatever else you might want to call it.

Lenders will consider the rental income on investment properties in addition to your standard earned income.