The only thing that changes is that, if you chose to file as a C-Corp for some reason, the profits that flow to the members of the LLC would be taxed as qualified dividends as opposed to ordinary income on the personal 1040's.

Hello All,Without getting into too many details, I am looking to get pre-qualified for a mortgage on my primary residence (for whenever I am in Canada) before I go house hunting.

It seems to be somewhat of a problem to get a qualified roofer to replace copper for less than an arm and three legs!

While I don't think of myself as a good resource for investors themselves, I defiantly can be a resource to qualify and finance future buyers of your properties should the need arise!

The advantage of getting a steady paycheck was that I was able to qualify to purchase more rental properties.

I have some capital to invest, and luckily my mother is willing to invest with me, so that adds some significant capital, as well...Essentially, I am looking for the smartest way to being qualified for a loan or any kind of financing, on an 10-20 unit apartment complex in and around $400,000 - $500,000 that would definitely cash flow!

You may sell any kind of real estate held for productive use in business trade or investment and purchase any other kind of real estate to be held for productive use in business trade or investment.Residential rentals exchanged for real estate used to house and conduct your business would qualify.

All three forms should give you protection of your personal assets against corporate liability, as long as certain procedures are followed.Talk to a qualified business attorney, tax attorney and/or CPA to get better advice.

Didn't understand it when it all started, however after spending a many months researching the topic, it is complex and the average person that has another job and is legitimately qualified, has the odds stacked against them for many reasons.

I cannot qualify as a RE Pro, nor can my wife.