Charlotte Lucchesi
Investing with an LLC/Corp
It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...
Danny Johnson
Corporate Lingo - Who Doesn't Love It?
My wife and I were talking about how we really missed hearing all of the corporate lingo we heard when we had jobs.
Just wanted to share some of the ones that drove us nuts and see which ones really grind your gear...
Account Closed
Doing Lease option deals with or without a corporation?
Hello everyone! I have a question that I am eager to get some feedback/advice on. I am a beginner investor who is interested in doing lease option deals here in the south Florida market. My goal is to invest in buy an...
Brandon Heath
S-Corp for Mobile home investing? (s-corp was/is originally photography business)
Hello all!I currently have a photography business that I run as an S-corp. I recently have gotten the bright idea to attempt to invest in mobile homes here in San Diego Ca. This of course is the result of reading Rich...
Andrew Pettit
Dividend Tax Question
Evening BP, Want to reinvest my dividends from my brokerage account and if I reinvest it within the calendar year do I avoid capital gains? So, technically I am not taking any realized gains. Thanks.
Mike Jury
Time to change directions
Greetings I have been a road warrior as the owner of a small management consulting firm. So with my business partner (who is a real estate investor) we are changing the direction of the company to start acquiring re...
Ane Deys
LLC purchase in multiple states
Hello all,
I am new to RE investing so looking for some advice / insight on a couple of issues; would appreciate any feedback I can get.I have 2 SDIRA LLCs created in Wyoming. I bought a property in FL with SDIRA fun...
Mike Schorah
Is D.R. Horton the biggest real estate wholesaler?
D.R. Horton is one of the biggest home builders in America. Sometimes they’ll buy contracts to buy pieces of land and sometimes they’ll decide through inspection “it’s not good enough for us”. They’ll assign that cont...
Allen L.
What is the deal with 1099-NEC, rentals, and ICs?
I work with a few independent contractors on rehab projects. These ICs are either sole proprietors or work in their sole member LLC. I started reading into 1099-NEC and from posts on BP and elsewhere it sounds like I ...
Bryan N.
LLC for flipping and I'm an out of state resident
So, I'm active duty military with rentals held under my name and an umbrella. I'm going to start flipping. I was going to start an LLC because I was told that it will limit my taxes to 15%. Currently I'm in the 25%...