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The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
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I am new to real estate investing (I have yet to buy my first property) and not a lot on money on hand. I do however have a retirement account with approximately $235,000 in it from a company I no longer work for. ...
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BP members, just curious if any of you who live in Kern or LA county are frustrated with high price of homes and decided to take a leap into building your own home either as a DIY Owner Builder or as acting as your ow...
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This is basically a possible framework for my semi retirement. 5 year plan Assumptions
-My own company is building everything (except electric) and cost savings can be opportunistic on overstocks, returns etc, but m...
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Im curently 19, in college with a full time job making alright money; at my age i guess you could say :mrgreen: . Im also always looking toward the future making sure I have everything under control to come.. For in...
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Hi - I’m interested in purchasing land and then build and use for rental. What are the pros and con? How do I approach it in a financially smart way?
I’m currently in a new home myself but I’m delinquent with my mor...
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Bigger pockets,
I'm struggling with setting up an organized method to keep track of my rental income. I'm leaning towards the simple method of one checking and one savings account for each rental. This is great, unti...
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I'm 19 years old and want to have a jump start on my career and it begins with which asserts are best to acquire at the age that I am now ?
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Hi, Newbie here. A deal has come up from a brokerage firm. Home is Cash $110000, their estimated CMA is $155000. Has a month to month tenant paying $1075 in rent. They say needs cosmetics only. Good area, nice subdivi...
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I have recently heard of an interesting tax-saving strategy of how to convert traditional IRA to Roth while paying very little in taxes. I would like to share it and get some feedback.
In this example I'll use a trad...