Ben C.
S-Corp or LLC for flips?
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
James Theron Erwin III
Paying yourself for work on a flip?
I’m looking to do a flip soon and I’m going to do a good amount of the work myself. I have an established handyman business and a separate REI LLC. I would like to account for the labor I will be putting in. So my que...
Jeffrey Morel
Why are people waiting till after the election to buy?
I’ve heard some people state that they are waiting till after the elections to invest in property and wondering if it’s a major change whether who wins.
Brian Bonetta
Private Lending and Tax Implications
I am interested in private lending my capital out to real estate investors, but I'm not sure if there is better more tax efficient way of lending that would reduce my tax burden. My capital is not located in IRA'S, 40...
Aladdin Prince Ali
HOA Board Membership Expired. Who runs the association?
We have a by laws that says board is supposed to have a meeting every year and the membership expires before the annual meeting.But the problem is, we are not having enough quorum to have annual meeting or election.So...
Andy Bondhus
It's tax time, I need some advice...
I found a new accountant to help with this year's taxes and unfortunately he doesn't appear to know a whole lot about rental property taxes. I picked up our completed taxes yesterday and fortunately I know enough abo...
Tanya Jayakom
LLC vs LLC treated as S-Corp
Hi Everyone!My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. A...
Ashana Singhania
First Rental Property - CPA made Scorp election while creating LLC
Hi All,
I'm looking for help as I've been receiving really contradictory information after several CPA consultations. I'd love some advice or Real estate specialized CPA suggestions.
Context - I recently bought a pr...
Nolan Gray
LLC for property holding -- SMLLC or S-corp
Dear bp family,
I just formed my llc that i want to hold my rental property in..
My next step is to get an EIN number for the company..
I need it to start the bank account for the business aka my rental property
...
Olga Daisel
Austin real estate prices
Where are we heading with Austin pricing?Assuming Trump wins the elections wouldn't it unwind the prices that are already high and not much affordable?