Account Closed very nice, I've been watching these being built, love the neighborhood and turned out great!

Originally posted by Account Closed:So we bought a property in Cahokia, IL.

The $67,000 only accounts for $80,000.

Thanks Account Closed.

I have used a CPA in the past when I had 2 S Corps but when I closed them I started doing taxes my self with good old Turbo Tax. I am pretty sure I take all the deductions I'm due and I've vehicles such as as solo 401...

The primary Team members are typically Attornies, real estate Agents CPA's (or accountants), Inspectors, General Contractors, and Handymen.   

The 2% rule doesn't take into account any expenses you have and the demand for your area, so certain areas of the country will have different returns and it wouldn't be prudent to apply a rule everywhere.

My college and potential partner,have good credit score (~750+),but he had a public record.The record is account paid,but information is still in his credit report and it is said the record will not removed until 2019.My concern is that can he still get mortgage from lenders?

Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence? 

Keep separate accounts for personal and business, and talk with your attorney about an LLC or corporation and the differences in paperwork needed and tax implications for each type of filing.