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Results (10000)
Nghi Le Is S-Election Necessary for High W2 Salary
9 June 2017 | 7 replies

I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips.  However, I've heard that you only need to pay high SE taxes up to $130k.  If my W2 Salary is $130k+, then my ...

Ben C. S-Corp or LLC for flips?
7 June 2019 | 37 replies

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 ...

Mylie Na Do I need to pay self-employment tax on my rental income
13 November 2020 | 2 replies

Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...

Gerard Mangenot Tax strategy question
24 January 2018 | 4 replies

I have an single member LLC newly formed in late 2017.  I purchased a property in the LLC name to be flipped in 2017 that will sell in 2018.  I have not elected to be treated as an S Corp at this time. Nearly all ren...

Jon Fletcher Switch from W2 Employee to Consultant for Tax Savings
1 March 2023 | 10 replies

Does anyone have experience with asking their employer about switching from a W2 employee to a consultant so that you can take advantage of the Real Estate Professional status? If the employer pays your LLC S-Corp ins...

Account Closed A couple of Solo 401K questions
22 February 2015 | 4 replies

I know many on here are fans of Solo K plans. I cant find too much detailed info online and even my tax guy is not too familiar with them. So let me post my questions here for the experts

1. Does having pass...

Ellie Perlman Top 10 Most Resilient Employment Markets
3 July 2020 | 23 replies

The first step in buying real estate is evaluating the market. When evaluating a market for multifamily investments, one particularly important factor to analyze is employment trends. A strong market must have a track...

Mike Ojo What to look for on Renters application?
18 March 2019 | 4 replies

I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...

Account Closed 401k/ROTH options for investing in real estate
27 April 2017 | 5 replies

Hi all, I have a quick question. I see lots of people mentioning using their 401k  or ROTHs for investing in properties, most of which are solo 401ks. I was hoping someone could break down the options for an individua...

Keir Johnson Gig economy retirement investing
28 February 2020 | 2 replies

I'm a W-2, gig economy worker in TV.  I've been doing this about 15 years, I'm 40 years old.  90% of my income is W-2 the other 10% is 1099.  I have been doing a Roth IRA for about 4 years and I opened a regular broke...