Ayomikun Oyeleye
Self-employed in Louisville, KY
2 March 2024 | 2 replies
What type of loans are appropriate for business owners and self-employed individuals to scale past 10+ properties?
Jason Elkins
Real Estate Investor with a SC Real Estate license. Is it worth the hassle?
4 March 2024 | 3 replies
Others do a 90/10 agent/firm if its their own lead.
Jordan Naeem
Free and Clear Multifamily partnership advice
5 March 2024 | 7 replies
Then follow those concerns with solutions, such as having a system in place for tenants to make maintenance requests (including in emergencies), why all of your spare time won't be consumed by these investments, being properly insured against hazards, etc.Your wife doesn't have to be passionate about real estate like you are but if you address the concerns upfront, it's much easier to get the ball rolling in the right direction.
Nate Pucel
Buy, rehab, rent accounting questions
4 March 2024 | 4 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
Clint Harris
Converting big box retail buildings to Class A climate controlled self storage
2 March 2024 | 1 reply
My partners and I have purchase 2 KMarts, 4 warehouses, 2 mills, and a grocery store that have been converted to Class A Climate Controlled self storage facilities across the southeast, currently $160 million in assets under management at stabilization.
James Robert
Do I sell and set myself up OR keep as a break even rental?
4 March 2024 | 14 replies
As such the profit is taxed as ordinary income subject to self-employment tax.
Bob Stevens
Sec 8 Housing
4 March 2024 | 8 replies
Its literally the exact same thing as a self pay tenant, except like Bob said just requires some paperwork and an inspection.
John Dawson
Starting out as a Realtor and Investor in NWA
5 March 2024 | 12 replies
These are just tips and examples to get you thinking in the direction I took and maybe you'll see a path.
Marty Hofmann
Best CPA in Oklahoma who has investment real estate themselves?
2 March 2024 | 11 replies
Thanks in advance for any help, direction and advice.
Mario Richardson
Tax Professionals Recommendation
4 March 2024 | 8 replies
Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.