If your LLC is in the business of buying and selling real estate, it would be ordinary income.

In my view, these are better used for paper investments such as notes and lending, which are normally taxed as ordinary income.

The income from a wholesaling deal is ordinary income and taxable as such.

I can see it now...the tenant posts pictures of that wild party...ya know... the one that put those holes in the walls and busted out the patio door.I would be ok with email, but only in the form of reporting issues, not for spreading the latest virus alert and joke of the day.

A LLC taxed as a s-corp for any deals or business that will generate ordinary income.

If you bought it under market and resold it a month later, that is buying for the purpose of reselling.Long-term indicates investment, Short-term is ordinary income, think of it just as you would capital gains and losses.If a dealer converts a property to a rental until they sell it, they are subject to SE tax on the income unless it is in an entity.This based off of intent, which is why you must have different entities and why you MUST plan, plan, plan.

It's still taxed as ordinary income when withdrawn, plus fees.

Sounds like a patio home, is that what it is?

I've sat out on a patio area at an establishment (hate to say bar) with Tim's dad I'm sure of it and enjoyed a few with him, LOL, he's the only guy in town with 300+ units of sfd.

These never seem to consider the immense power of compounding and the time value of money.Where I STRONGLY agree, is that hard real estate assets are best kept out of a retirement plan in favor of paper investments such as notes and lending, which are normally taxed as ordinary income.