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Tax implications for out of state purchases
Hello all. I have been a Pro member for a while and have really enjoyed listening to podcasts, reading posts and other forum information. I have seen Dave Van Horn, Brandon and several others that have been buying o...
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What happens when you have a disabled tenant and disability runs out of money in 2017?
New reports in the news say we will run out of money for disability so what are the implications if we have a disabled tenant and they can no longer pay their rent? Will we be stuck with them for months with no rent t...
Christopher Young
Looking for some savy advice about moving a house to a trust!
Long story short my mother has worked as a hair dresser for 36 yrs and its time to retire. Social security is a joke but we have one card to play. Based in NY her primary residence of 40 years has appreciated exponent...
Hiral Lai
How to minimize taxes you pay and best way to fund a deal
Hi All, I am trying to figure out the best way to fund a potential deal. My company awarded me some stock a while ago which recently vested. I didn't want to get hit with major taxes if i sold it. Is there any way to ...
Matthew Shay
Real Estate Agent forming an LLC w/ S-Corp Status
I am interested in forming an LLC w/ S-corp status for tax implications. The idea would be to build a team and protect my brand. I have heard some people say that forming an LLC is mainly for legal protection and othe...
Garrett Bailey
S-Corp is it worth it?
I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?
Thank you,
Garrett
Carlton McDaniels
Gaining Passive Income
A few months back I bought a 2 Unit Bldg. I used a 203k to upgrade the bathrooms & kitchens in both units. I also reside in one of the units. I definitely want to do another one, I'm just trying to figure out if ...
Nate Raynor
HUD Loans and prevailing wages
Hi BP,Has anyone looked at how much on a percentage adjustment of construction costs adding prevailing impacts costs? We are thinking about going the HUD financing route for our construction debt, but I've been trying...
Cameron Moore
Should I opt out of FICA tax?
I am a licensed minister working for a non-profit ministry. I have the optIon of opting out of FICA tax. As of right now I am paying It setting aside $750/month. I was wondering If I should stop paying that tax and pu...
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Wholesalers and Subject To Never Get Sued, Right? - - - - -- Wrong . . .
Equity skimming: Tale of a local home sale and a lawsuit
Former ‘wholesale finder’ says he was thrown under bus by the prominent real estate investors.https://www.seattleweekly.com/news/equity-skimming-tale-of-a...Lu...