Drew Hoye
Career Advice - May 2022 Grad
Hello BP Community,I am looking for advice on which career path to take, and I think it will be helpful to get other investors opinions as no one in my family/friend circle is into RE investing. I am 23 and will be gr...
Demetrius Morros
Getting money out of a C corp and avoiding double taxation
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
Jacob Patterson
Starting a business entity for flipping Houses
Several questions I have.
-Should I start my business as an LLC or a S-corp? and why? I will be the only owner for now, I will probably do around 3-4 flips this year, and I would like to protect my assets in ...
Minni S.
Can Rental Inc. go to 1 Member LLC if house stays in Member Name
We have read the blogs but are still confused and seeking some clear guidance.My cousin has very recently bought a small townhouse as an investment property to rent out. She is struggling on the financial and marital ...
Paul Roth
Do I still pay taxes if I re-invest my LLC's revenues?
I'm planning on mounting an LLC to start my first real estate investments. My plan is to immediately re-invest all profits generated by the entity, in the name of the LLC, so I pay no taxes on it. I would probably inv...
Martin Vilarino
Self Employment Tax
Hi BP community,Does anybody know how the self employment tax works? I know it's 15.3%, but does it apply only if you have an LLC? And what if you currently have a full time job? Thanks so much in advance!
John Hopf
Tax implications on Spec Home
I am new to BP, and have spent hours combing thorough the forums... it is remarkable how giving and generous so many of you are, thank you.With that being said, I am looking to build my first spec home. I have learn...
Craig Jackson
Transitioning from Full-Time Employee to Full-Time Investor
My wife and I have been investing for 10 years or so. About 5 years ago we decided it would be best if she stayed at home with the kids full time. During this time she has done a tremendous job not one with the kids, ...
DeMario Drummond
Is this an appealing deal for a lender?
I'm currently searching for a private loan of about 100k-120k for an auction property that I would live in, yes live in. But eventually it could a rental property. I plan to grab a house in texas with or without this ...
Jon Dorsey
Tax Mitigation Strategy when forming Partnership
Looking for advice on how to structure a deal to minimize tax consequences for my partner. I am partnering up with another person who just wants to bring money to the deal. All they ask for is equity appreciation down...