John Wilson
Switching from Sole trader to PLC
I am in the process of buying my 1st property but i have a hit problem on the tax front.I am currently a sole trader and if i buy the house a rent it i will go over my tax band and have to pay 52% on the rental income...
Sergio Ali
CASH AND TRADE REAL ESTATE TRANSACTION
Good evening BP,A potential seller has requested a cash/trade offer for his property. Ive never heard of this before...does anyone have experience in this type of transaction? And what should I be looking out for in...
Michael Tarver
Anyone worked with KC Home Traders?
Hey BP,
Has anyone worked with KC House Traders in kansas city before? I met them at a wholesale event tonight and would appreciate some feedback. They both rehab and hard money lend.
Thanks!
Mark Allen
Incorporating a trading business
After years of time spent on research, I've gotten to the point where I'm considering quitting my day job and taking up trading as a career, and I'm looking into options for reducing my taxable income. Some relatives...
Susan O.
LLC names For showing that you are a "Rental Owner" not "Trader"
I was wondering because of the "trader status" if you sell too much real estate if it's better to put the word Apartments or Rentals in the name instead of a generic nameLike Outback Apartments LLC instead of Just Out...
Dave Cinema
No income, would like a loan, can place 50%+ downpayment
Hi! Thanks for reading my post. I am a first time home buyer and not familiar at all with the loan process.I, like many others became a speculator and trader in this crazy environment. I found quite a lot of success i...
N/A N/A
a Proper introduction
Hello, I'm Valerie. I'm a trader by hobby. Real estate has always caught my eye when watching the markets. That part of my 401k has always done great. And with everyone predicting a cooling off in the housing market, ...
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
I'm hoping a tax expert can answer this question I have. In my current job, I make close to the fica cap which my employer pays both employer and my portion as the employee. I only contribute the matching 5% to my 401...
Daniel B Trader
Newbie from Baltimore, MD
Hey all, just made a BP account and wanted to introduce myself. I'll try to be brief, but no promises. My name's Dan Trader. I'm 32 years old, born and raised in Baltimore, MD (just outside of Towson), married nearly ...
Brice Alef
Offsetting W2 income with Short Term Rental unit
I own a triplex and was wondering if I could use one unit as a short term rental to offset my W2 income as a trader business. If so, are there any pitfalls to doing it this way?