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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.
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1 July 2024 | 23 replies
Maybe work in the RE business somehow; lending, assistant to an agent, the trades or start your own business like lawncare or landscaping to generate money.
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2 July 2024 | 11 replies
My current agent is refusing to show the property before the tenants move out.
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30 June 2024 | 4 replies
Hi BR Community,I just closed on a duplex property using a DSCR loan with a 8.625% in Cleveland, OH.
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30 June 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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1 July 2024 | 16 replies
do not forget - can I borrow for the closing costs as well?
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27 June 2024 | 4 replies
Hey Marc - Have you tried using the Agent Finder Tool to find an investor friendly agent in that area?
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30 June 2024 | 7 replies
Likewise, the opposing force is agents these days are super, super pushy to where if you have them in the process they'll break anything down that isn't a linear or traditional, not necessarily easy, process.People like everything seamless and transitional, almost a turnkey process.
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29 June 2024 | 12 replies
Right on @Don Konipol: And another big one is that advertising a property for sale that you don't own, is called "being a real estate agent".