From what we have gathered , it seems that the most tax efficient route is to hold long term investments and short term investments in separate entities but we aren't sure which entities to hold them in (LLC, S.

@Sabino Gonzalez , I am not an expert in taxes like @Steven Hamilton II , but here are some thoughts.First I believe a subchapter S is the preferred company to do flips in so you can avoid some of the self employment tax.Next have your friend give the money to your company, he will want a written agreement, then after your you sell the property have your company issue him the check for his share and send him a 1099 showing what you paid him.This shows the expense to him for using his money, and is a deduction for you for your cost.

Since we've only 3 bedroom units, it's hard to compare, but what I like about them is more $s per door.

@Elizabeth S.

It is great for family partnerships that own multiple properties/businesses.One cell would be a disregarded entity and another can be taxed as an S-corp.

Our kids are adults so several years ago we went as separate corp's & it has worked here in NY SO FAR with $6500 (individual) deductibles ...but (& without getting political) we have been advised by our carrier that the full force of ACA is yet to hit our respective plan(s).

Hey everyone - My name is Tom, I'm in my early 20's from NJ, living and working in Manhattan.

And I'm usually the first person the attorney calls when s/he has a client with such a situation and wants "insider" legal expertise in dealing with the other side, namely lenders, loan servicers and foreclosure trustees.

@Andrew S yes, I actually hope to close on two refinances next week,,I'd love to take cash out, but they are mortgages 5 and 6, and are conforming, so no cash out.The only thing you can do is pay cash for the property, then finance it within 6 months, and possible pull cash out,,I have never done that so don't know exactly what you can and can't do on that.One thing some don't know, if you have two mortgages on rentals, one mortgage on your residence, and have 2 houses in hard money,,you CAN'T use conforming on either of the others, because you already have mortgages against 5 properties,,so you have to do number 4 as if its number 5,,,,the reason I know,,I got caught on that one

I was surprised when I saw less than $5k for "HUGE", because I've seen 10's of thousands past due per unit in the SF Bay Area, but I guess it's all relative to price.