Paul Wolfson
Branson Market: Vacation rental numbers don't pencil out
20 April 2023 | 30 replies
I've been able to utilize an insurance policy to replace: a lamp, a king bed frame, a queen bed frame, chairs on my sun porch, a new kitchen table, and a new pull out couch with zero deductible insurance policy because guests broke those items. 4.
Adam Butt
Are we in a housing market bubble that is likely to burst?
30 September 2017 | 108 replies
However, the HMRC (UK tax authority) does not provide tax credits on tax paid on US income under an LLC, therefore I would need to pay taxation to the IRS on US income, and then to HMRC which makes this structure tax inefficient for non-US residents.On the flip side, incorporating an LLP provides flow through taxation that is recognised in both jurisdictions.
Linda Mukes
New to BP from Houston TX
19 February 2018 | 10 replies
I will continue to work as a Financial Analyst in Corporate America but my husband will be on the ground full time executing deals.
Audrey Koerber
LLC or LP when investing in USA?
10 January 2015 | 5 replies
@Audrey Koerber @Chad Urbshott gives you good advise, find yourself an attorney and accountant with cross-boarder experience ... preferably in real estate.Canada does not have he equivalent of an LLC - essentially the simplicity of sole proprietorship with the benefits of incorporation - and the CRA will treat it as a foreign corporation {in almost all instances}.
Shelby Hensley
Houston Texas Newbie on Deck and Ready to Grind!
17 February 2020 | 10 replies
No one wants to be in corporate America forever but you have to focus and trust the process.
Andrew Zwicker
Does the 2% rule apply when equity gain is involved?
13 September 2015 | 11 replies
I don't know if there's way to incorporate the equity into the 2% rule.
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
13 January 2024 | 356 replies
Trust me, I'm a CPA and work in corporate finance and I've sat through a demonstration on this.You make a very good point about opportunity cost with the HELOC and it's a huge detractor from this method.
JC Wu
Roofstock review. NEWBIES BEWARE!!
28 July 2021 | 171 replies
By incorporating in another state, Roofstock can somehow go around certain rules that carefully regulate brokerage activities carried out by local brokers in some states.
Sarah T.
Confused about licensing and flipping (TX)
31 August 2015 | 13 replies
So my question is, I thought salespersons working under a broker were able to incorporate bc they were like independent contractors under the broker?
Jean Paul Rousseau
Do I need one LCC per house?
1 February 2018 | 7 replies
Creating multiple LLC's limits what is exposed in the case you get sued.You may want to also incorporate an umbrella insurance policy in addition to the LLC's for your asset protection strategies.You do need a separate bank account for each LLC.