But, I "tip" my subs or employees if they save me money. keeps them happy, occasional bursts of 100-500 of unexpected cash will always have an impact, who knows what it can do down the road.

The other trippy part is he seems to be an employee or somehow associated with the lender.

Hello everyone, I have a quick question:What if you are a full time employee (W-2) and have done a couple of flips under an LLC and incur a losses in the current year.

Hello everyone, I have a quick question:What if you are a full time employee (W-2) and have done a couple of flips under an LLC and incur a losses in the current year.

Is it a sub for the big box store or an employee?

Not only are tons of people displaced, you will have an influx of FEMA employees, insurance adjusters and contractors.I was building a property in Pensacola when Ivan struck.

@Christopher Goll your property manager is quite possibly your most important "employee," but is paid an amount that borders on what one would pay a partner.

I am currently an employee of another healthcare organization and have a separate 403B through them.

We make the tenant pay for the treatment, since regardless of who brought them in it was one of their employees.

If I go the payroll route, the LLC would have one employee (me) and I would have to cut payroll taxes on it.