I've been doing some research online and reading over every relevant thread on this forum regarding having a holding company and operating company system in place for asset protection.I already have my operating compa...
okay guys, all I was trying to do was help my disabled kid to have some kind of future after my husband and I die. We are retired. I will be on cancer treatment for the rest of my life. husband has heart failure. We n...
in pennsylvania does a seller receive any benefits in regards to capital gains tax. I was working on an agreement for a trip lex when the sellers attorney scared the seller into backing out. The owner has the propert...
Hi BP,
I was hoping if someone could help provide insight into a situation we encountered on the recent purchase of a house.
We closed July 31st and had an inspection June 23rd. We moved in on August 26th.
The ...
Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...
I have some questions on handling and structuring multiple syndications. (Im in the process of learning syndication structure so excuse my ignorance on the subject.)Once I get a few deals going at the same time I will...
FolksI have 3 flips in progress in the IL area. I am a resident of CA. I was suggested to set up a C corp by my realtor. Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA. Any sugges...
Hi All
Just wondering where folk are up to regarding tax and the likely tax to be paid on your USA investments.
I am not talking 1 or 2 properties but 20+ SFH's with a $300,000 pa cash flow.
Some givings that are e...
I have a house that vacated and the tenants told me that they had bed bugs. Their "briiliant" idea was to use foggers from HD to cure the problem. I plan to have it professionally taken care of. I received a quote ...
I took a personal loan of $100K at 5% and lend it for my LLC to purchase a rental. I plan to charge my LLC 6% interest rate.1. Is there any benefit to write up the loan as a mortgage vs a regular business loan?2. When...