The guys who are truely successful in this business are the ones who are flexible enough to adjust to whatever situation is needed and the ones who can make constant small gains over and over again.brit2nyc, the bottomline is this.

Only if you have the right amount of money you can get the best benefits in taxes.

So, no, there are no tax benefits to giving the profit to yourself through an LLC.Now in some instances you may need a separate entity to do the work (i.e. federal grant programs; but you can't legally make a profit from those either).

Given that most floors are not level, how do you go about shimming and adjusting the base cabinets once the tile has been installed?

There's also a huge tax benefit.

With this cushion, we roll in ALL closing costs, construction interest reserve which gives you the benefit of making no payments during construction, and also a $10,000 home equity line of credit that you have full access to at completion in case of any potential negative cash flow from renting or temporary vacancy before it sells or rents.

We offer tax reduction, IRS audit proofing, entity structuring, and other financial services that could also benefit you (depending on your particular situation).

House " A" is a fix-up, and it occured to me that the tax advantages of using it as a rental for a year or so might outweigh the interest rate benefit of renter occupied.

t=6143 for more discussion on this topic.Since you seem to be naturally leaning towards the leveraging concepts, I would recommend that you thoroughly research the other side of that to fully understand the benefits of paying down property.

I am looking to create a long term business relationship that will benefit all three parties involved.Thank You,Jordan LevyAccount [email protected]