29 May 2018 | 2 replies
Happy Saturday,Knowing that it is very subjective in nature, when determining the CoC return that you require, what factors help you decide yours?
19 May 2018 | 5 replies
I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction.
19 May 2018 | 5 replies
You need builders risk, a GC’s builders risk only covers Their work.
19 May 2018 | 2 replies
Buying my first property subject- to the existing financing on property.
21 May 2018 | 5 replies
could all this be covered by a renter I'm sure there are lots of ways to make land work, I can't wait to hear more from this thread :)
23 May 2018 | 8 replies
The rent covers PITI and utilities with a little extra built in to cover anything over the average utility usage.
24 June 2022 | 69 replies
In fact, the only post they have is on this subject and have no profile pic or anything.
25 May 2018 | 6 replies
If you're interested in reading more about finding your niche, I wrote a book on this exact subject.
23 May 2018 | 0 replies
Hi BPers,I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total).
24 July 2018 | 6 replies
Submit an insurance claim and hope they cover it.When you have water damage, particularly over a longer period of time, there's a high risk of mold.