Robert L.
How to report flip fees in LLC tax return
13 November 2018 | 9 replies
Better yet, think about creating a separate LLC for each flip (but again, IANAL, so check with one before going too much further)Third, consider that you may want an S-Corp for your flipping since that is Ordinary Income (NOT CAPITAL GAINS) and you'll owe not just ordinary income tax on that, but also possibly/probably self employment taxFourth, keep tracking each property's expenditures and matching it against its income when you sell it.
Marci Stein
Ever ok to forgive late fee?
13 November 2018 | 13 replies
This situation is one of the down sides of adjusting rent due date to match pay checks.
Kamenin Earl Banks
Pay consumer credit first or save money?
13 November 2018 | 10 replies
@Kamenin Earl Banks if you are getting a 401k match from your employer, I‘d want you to grab that free money first.
Roy Perez
Meetups / Groups in Gainesville FL?
17 January 2019 | 8 replies
I actually heard about Exist Reality and there meet ups didn't match with my work schedule.
Jamie Rost
Question on a typical loan structure
15 November 2018 | 4 replies
There is a distinction on lending criteria between 1-4 units which are residential and 5+ units which are commercial.A residential loan, you typically get 15, 20, & 30 year fixed terms.
Brandon Horton
Building passive income through rental properties
15 November 2018 | 4 replies
The Realtor will get you into places and you can make sure your eyes match what the pictures are showing you.
Tashia K campbell
What to do next?????
16 November 2018 | 10 replies
Compare the nightly rate and occupancy rate to what Airdna is showing to see if the numbers match or exceed what your targets are.
Phil Sharp
Buy-and-hold strategies in high priced areas
15 March 2019 | 93 replies
. , google the addresses of the properties you're shown to verify it matches the information you've been given.
Derrell H Desir
Saving for first duplex
20 January 2020 | 4 replies
First, if you have a 401k matching, make sure you continue to contribute to that first.