Tom Rhyne
De-coupling LLC/Personal Finances
When faced with the choice of "no payroll" or "pay out of pocket", I chose the latter, and pierced the veil between personal and LLC finances, and then further pierced it paying back some of those contributions. Now,...
Candace Sekyere
Self-Storage Manager Pay
I have the opportunity to manage a self-storage facility. I would be managing it remotely as there isn’t an on-site office. I am not receiving any extra benefits like housing or anything like that. I am curious about ...
Blake Marks
MF Underwriting Rules of Thumb
Hey all - I've recently relocated from Los Angeles to a smaller city in the Northwest US. I'm working on buying apartment buildings in the 15-20 unit range and trying to figure out some rules of thumb to gut-check th...
Account Closed
Owner Builder SFR California under LLC
Hi - We've done 3 full remodels that we've lived in and now putting in offer for first remodel. Hard money loan to LLC. As we have our own crew, we are hiring our guys on the books for liability and so we can show pro...
Lance Lvovsky
Business Summary of Coronavirus Relief
In addition to the tax relief introduced under the CARES Act, there are a number of other provisions non-tax related that are designed to help small businesses during this time of crisis.As always, consultant your tax...
Adam Jaspon
Is an LLC or a S-Corp the right entity for a rehabbing business?
I'm currently a landlord and utilize an LLC for that side of my investing, however I'm preparing to start a rehabbing business and I'm unsure whether an LLC or an S-corp will be more beneficial.Any advice is much appr...
Eddie Ibrahim
Question on Solo 401k.
Hi,
I understand that the Employer (Single member Sub-S) contribution is tax deductible for the Company, however the Company pays both side of the ss/medicare (15.30%) tax. The question is, what is the cost of say a ...
Mark Sokolowski
Contractors vs your own team
I have almost 200 units that i own which means that at least once a month i have a vacancy that needs to be gut renovated (usually about 2-3 a month) i have a set of 4 construction companies ready to redo the apartmen...
Adam Mathews
Average cost for REI CPA/Tax Accountant?
We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...
Simcha Davidman
Some help for a newbie to MHC
Thanks for reading!I'm currently a multifamily (workforce housing) investor but I'm looking to buy a small portfolio of parks. And I've run into some issues I need to address.1. I ran a test ad for a rent to own mobil...