All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
I would shy away frompurchasing a building withnonconforming rentAL units.The city can shut you downand make you convert them back and at today's codes. It can be very expensive. I speak from experiance.
I was at a real estate seminar and a CPA said “talk with your attorney about difference between equity partners which are not regulated under SEC REG D rules, vs. pooling investor funds to raise funds, an activity whi...
I'll be going down to Charleston on April 14th and I'd like to meet with a real estate agent while I'm there. Is this city known for short term rentals for vacation purposes? Or is it more of a long term rental market...
I own a investment property that is 100% Owned by my LLC after paying back the loan. Now the property in Indianapolis is cash flowing $700 per month. Is this tax free?
My wife and I are getting started in rei in the Phoenix area, and we want to purchase pre-foreclosure homes. In Maricopa county, once a house gets an NOD (known as notice of trustee's sale here), it gets assigned an a...
I have a quad w/ 2 units on LTR (1 Unit needs Reno, once a tenant moves out) and 2 units on STR after conducting a cost-seg and using the STR loophole with material participation against my W2 income would the entire ...
I'm just trying to find out some accounting info about my rental property. I have one of my employees renting a house from me, we have worked out an agreement to have them pay partial rent each paycheck that I take ou...
I have a house I'm flipping in Florida and the guy that will be installing my AC unit will do it with or without a permit. It's cheaper without a permit but I'm new to flipping and don't know if this will come back to...
Years ago, I read that you could donate a house (structure only) to the fire department to practice on, wrecking it in the process. The charitable donation was the value of the structure. I believe that I read that ...