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2 March 2024 | 11 replies
Oklahoma City does not seem to far from you.LLC vs CorporationIt is generally advised not to hold properties that tend to appreciate(such as real estate) within a corporation.However, there are potential tax saving strategies of doing flipping or wholesaling within an S-corp to save on self-employment taxes.Below are some links of other BP members who requested for a CPA in Oklahoma CIty.
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2 March 2024 | 2 replies
I’m only running the business part time (15 to 20 hrs a week) and it’s already bringing in about 3k a month profit (with everything subtracted from revenue besides taxes).
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2 March 2024 | 8 replies
I never in past have to pay taxes,always got little return...
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5 March 2024 | 70 replies
Taxes for immediate payback, and then in a year or two when the rent increases, you will be in the money.
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1 March 2024 | 4 replies
I've done both adjusting and property management and the closest they get to each other is in claims management and calculating loss of rents.
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2 March 2024 | 3 replies
The final document you will need is a Certificate of Occupancy or a Certified Inspection[11].Texas or taxes:The City of Austin's Hotel Occupancy Tax rate is 11 percent, comprised of a 9 percent occupancy tax and an additional 2 percent venue project tax.
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2 March 2024 | 21 replies
But essentially, you just need to ensure that you are not claiming to represent the seller and disclose on your contract that you hold an active license.
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3 March 2024 | 7 replies
Realtor fees, income tax, correct arv, correct costs.
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3 March 2024 | 7 replies
The holder of the note makes no real difference; in Jane's case, it might be more advantageous to her to hold the note than sell outright depending on how she can absorb the sale from a tax perspective; in your case you don't have enough income to do a conventional loan so getting a seller carry can give you more properties.