Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Venkat Varad
Selling former primary home to LLC
I have a former primary SFH that is fully paid of and about to reach the 2/5 years rule. I have no plan of selling it. I want to convert it into an LLC to offset the capital gains. I was about to start an LLC, but few...
Russell T.
Should I put my paid off rental into a s-corp
I have a paid off house, should I put it into a s-corp? It’s currently making $42000/year. It has been fully depreciated. I’m looking for ways to save on taxes.
Geoff Kraemer
Can I rent my 2nd home to myself for business purposes?
I am currently a w2 doctor with a house in town A. I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence). I will still likely be doing an outreach clinic i...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Dean W.
Should I accept a Corporate Lease?
Hello, I have a handful of properties and have been in the rental business for several years. However, I have never worked with a "Corporate Lease". I recently posted a listing and I have two applicants who are inquir...
Joe Sohat
HELP: Left corporate; starting company. Need to rent in new city
Hi,My question is about how to successfully pass a rental application when starting your own company.I recently took a Leave of Absence from my corporate job in order to found a company...some time has passed and I no...
Saajan Bhakta
Buy a House through Business?
Hi All,My father owns a motel (located in WI) and lives on property and works. He is planning to move across the border to MN (much cheaper health insurance) and live in a house and step away from day to day activity....
Luke Stone
1099-Misc Questions, Difficulties & Musings
I have a couple questions, but I guess this is as much a venting post tooQuestions:1) The W9 form has check boxes for C Corp and S Corp. Since we don't need to fill 1099-Misc for corporations do we not file it if one ...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...