Sequoiah Briseño
1099s for work done on properties
16 November 2024 | 5 replies
@Sequoiah BriseñoCalifornia multifamily sale and 1031 exchange purchases mandate landlords or property owners to issue 1099s for payments of $600 or more to a sole proprietor, LLC, or partnership, and request a W-9 from each vendor by January 31.Good Luck!
Rys F.
LVP bulk/wholesale Illinois
11 October 2024 | 10 replies
Thanks @Jonathan Klemm, it's been a few weeks and as sole proprietor/GC, haven't been able to get an account with MSI yet though the intake rep said it would be possible w/o a business.
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
You can already write off expenses like mileage and meals as a sole proprietor, which is essentially what you’re doing now.For BRRRR, keep in mind that refinancing a property owned by an LLC can be more difficult, as many lenders prefer to deal with individuals.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
20 September 2024 | 11 replies
I ask because most who write similar posts on BiggerPockets are unable and I am sorry but "A unique blend of benefits that are favorable for R.E investors who are sole proprietors" sounds like something a fear mongering asset protection company will tell you before upselling the expensive and unnecessary asset protection product.
Erik Estrada
How to be a Successful Loan Officer in this day and age
2 September 2024 | 5 replies
How challenging has it been for w9 & sole proprietors to borrow?
Tricia Plank
Can you use different names on the titles using a 1031
29 August 2024 | 5 replies
Selling as yourself and buying as that multi-member LLC is changing taxpayers.If you wanted to purchase as a single member LLC that elects to be taxed as a sole proprietor.
Noah Bacon
Harris and Trump's Housing Plans from Last Night's Debate
13 September 2024 | 61 replies
They were implemented to promote growth for sole proprietors.
Diana Jing
Rent To Retirement Review
7 September 2024 | 85 replies
Schedule C if you a sole proprietor) & you do not have any full-time w-2 employees (i.e. working 1000 hours or more per year) working for your self-employed business or otherwise.2.
Adam Campo
West Baton Rouge RV Park (man camp in close proximity to Dow Chemical - Plaquemine)
22 August 2024 | 0 replies
The management of the park will be handled by the property management division of Adam Campo Real Estate {Limited liability company established in 2006/Managing countless properties professionally (as a sole proprietor) since 1999}, and we will be employing a full time on-site manager.
Mark Simon
Selling Real Estate under an LLC and using a 1031
19 August 2024 | 4 replies
If the LLC you set up was taxed as a sole proprietor then it would not file a tax return.