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27 February 2014 | 14 replies
This LLC can hold properties and pass the income to you without self employment tax.If you're going to generate ordinary income, then establish an LLC for that.
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11 January 2015 | 24 replies
How did you get comfortable that this is a passive investment (ie. triggering capital gains) vs business income (ie. ordinary income and self employment tax), given the profit participation.
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20 February 2014 | 38 replies
Ken McElroy is an outstanding example of an ordinary real estate investor who stayed with it through thick and thin to become successful and I'll listen to him as many times as you can get him to come on.If you could corner him into doing an 'intensive' on any subject related to the apartment biz that would be great too-
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19 January 2014 | 37 replies
As far as I understand it, that's a completely ordinary, acceptable thing to do with a basement.
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3 April 2015 | 29 replies
This does Not seem to apply to an ordinary arms length transaction by an agent, where they didn't directly approach the owner as an agent providing services.
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20 January 2014 | 8 replies
Start with the property manager, that way an ordinary agent doesn't over sell a properties' potential for a fee.
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20 January 2014 | 6 replies
However, it is taxed at your ordinary rate UP TO 25%.How long have they held the property and what was their basis?
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21 January 2020 | 6 replies
Concrete drives, patios, foundations, etc.
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11 June 2013 | 28 replies
J Scott My CPA touched on the dealer status issue as well, describing how to set up multiple entities in order to treat flips as capital gains, rather than ordinary income.
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5 June 2013 | 7 replies
It's a Samsung Galaxy S3, highly recommend it...So now, here is the video (it's the one on the right I believe):https://www.dropbox.com/sh/u6ucp6f4tnfnhsc/aNrYjaL929Now, let me give you all of the info I wrote down on a piece of paper about the house:Windows - All new (except big custom ones in the patio thing.)Custom Windows - 2 (One is 44in x 83in, and the other is 47in x 52in)Light Fixtures - 19Interior Doors - 9Exterior Doors - 2Glass Sliding Exterior Doors - 2Sliding Closet Doors - 3Furnace - 1How Water Heater - 1Cooling Unit (Refrigerated Air) - 1Besides this, I also have all the floor measurements for the floors!