John Dehn
REPs designation - do I qualify?
I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a ...
Ree Somes
How can I be the best contractor ever?
As a young contractor I am confident. My customers are happy. My financial house is in order and my eyes are on the prize. I want to grow into a top tier contractor. As I search for and onboard employees I need a cle...
Indra Tanudjaja
SEP IRA contribution question
Hi, maybe this scenario was discussed before. i could use some advice from CPA/EA.my scenario: I opened SEP IRA years ago when i was self-employed.. and then i haven't been self-employed for the past 10 years.. so , ...
Joe Fernandez
Rental Grade Renovations - Contractor or DIY?
I have a recently vacated property in Decatur, GA that needs some renovations. I want to do a new:kitchen (cabinets, tiles floors, granite counter tops, backsplash)new bathroom (tub, toilet, vanity tile floor)Interio...
Account Closed
business type
Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Am...
Justin Dillon
When do you choose to quit your job?
Hi my name is Justin.
I am trying to figure out when do you know it’s the right time to leave your job in order to live on your investments? Example, let’s say a person would need about $5k to live on...
Daniel A.
Let Me Unclog Your Toilet
When I hear someone who says real estate is not for them because they don't want to have to unclog a toilet, I inwardly laugh. Sometimes outwardly. You see these people who wake up at 6am and work until 4 or 5, talk a...
Kyle Tom
Tax Advice Needed working with friend
Hi BP Members!
I’m finally starting my real estate business idea and am looking for a tax person to give advice / work with.
My girlfriend and I focus on buying fixer-upper properties in Ohio to rehab them to hold l...
Brian Welch
Do I really need a federal tax ID and LLC?
We are just starting out and hope to get our first flip property in a month or so. We established an LLC in our state but do I need a federal tax ID if I want to set up a bank account just for the LLC?Thanks for any ...
Pat Sheldon
ROBS
ROBS: Rollovers as a Business Setup
Have any of you used this method to tap into 401ks/IRA's to fund a commercial venture?
Would love to hear your thoughts, THNX