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26 April 2017 | 1 reply
The best thing about HM Lenders is that a HM Lender will not do the deal with you unless it is solid - they give you the best 2nd opinion you can ever get whereas a bank (and their employees) just follow scripts.
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21 May 2017 | 25 replies
Is the person on the ground making those decisions licensed or just an employee of RS?
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26 April 2017 | 3 replies
Unless you have actual employees.
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3 May 2017 | 81 replies
IRA contributions are limited to $5,500 + $1,000 catch up if aged 50 and above and spouse is eligible for same; Solo 401k contribution is $54,000 + $6,000 if aged 50 and above, spouse is eligible for same if an employee of the business.Flipping in a retirement account may subject it to adverse tax consequences, if considered to have been purchased with the intent to sell.In summary, investing in RE using retirement accounts is a great strategy but with regard to flipping there are some gray areas.
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25 August 2017 | 28 replies
THE UST padlocked the door today at the offices of Mack all employees sent home
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9 June 2017 | 6 replies
If you have elect S-crop, you don’t have to pay self-employment taxes on the Corp’s Net Income, but only after the reasonable salary to the employee (which will be you).
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14 June 2017 | 15 replies
But the catch is that it is not for everyone, you must be self-employed or own a small business without employees in order to qualify for it.
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15 June 2017 | 5 replies
You would need to be self-employed with no full time employees in order to establish such a plan.You would need to terminate employment with your current employer in order to be able to roll those funds to an IRA or 401k of your choosing, unless you are already over age 59 1/2, in which case you will have that flexibility to move funds while still employed.Solo 401k plans are offered via brokerages and in a self-directed format.
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16 June 2017 | 5 replies
(You should specifically ask them if their crew is employee or subcontractor.
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16 September 2017 | 16 replies
Whereas in LLC, each partner can withdraw what they want and only his/her basis would be impacted.3)In S-corp, you act as both employee and investor.