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23 August 2013 | 19 replies
This will cause you to file Schedule E on your tax return.If you are a Multi-member LLC, you will want to file the return as a partnership(Form 1065).If you flip/wholesale properties, you will want to elect S-corp status and pay yourself a reasonable salary.Some people if they are in a high tax bracket, will use a C-corp to hold their properties in order to acquire financing separate from their name and to shelter some of the income from tax if they are not taking any dividends for an extended period of time.
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21 January 2012 | 0 replies
I have also heard that a D/E exceeding 3.5ish is a red flag.
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4 April 2019 | 13 replies
thanks for the update @Andrew Clark also we should connect @E Martin .
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13 November 2013 | 82 replies
In addition, the hard money lender returned my e-mail, which I'll detail in a later post.Goals to accomplish by Wednesday:E-mail 2 more hard money lendersPrint an additional 10 postcards to hit my goal of 100.Contact my realtor to let her know what I'm doing and get her inputThese are light goals since school starts tomorrow and there is lots of work in order to get my classroom ready.
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6 March 2012 | 3 replies
This is not for a property I own :Story time for a parent :There is a tenant we'll call him Mister Ed, living in a rent controlled apartment in NY, NY E 25th str.
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9 March 2012 | 1 reply
If you are selling it, then you might try e-mailing the people at http://www.marylandhomeownersassociation.info/Site/Welcome.htmlSupposed to be a non-profit volunteer group helping homeowners and condo owners in MD.
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19 May 2013 | 12 replies
Economic Cycles Before the Fed | Thomas E Woods, Jr. http://www.youtube.com/watch?