Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?

How would my taxes differ if I start an LLC and transfer ownership of my properties to the LLC. Would I have to pay self employment tax on rental income that I get through an LLC? Will I be required to send 1099s to c...

Gross Income: $132,000

12 - two-bedroom, 1 bathroom units

Fully occupied

Interesting quirk - 4 units leased as furnished corporate rentals to large multi-national corporation with plant nearby. These units are on ...

Hello everyone,  I am trying to flip 2 houses this year, buying with hard money loan, completely renovating/rebuilding and selling it. My question for bigger pocket community is . What entity be best for this purpose,...

Hi everyone,

Hope you all are doing great. First, I want to thank the folks here on BP it's wonderful to be able to speak to so many people who are willing to share good information with each other.

I come from...

I just read a post where someone said you may have to pay SET on income from flips. Is that true?

I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains

Hey Guys, I've been lurking for a bit but thought I would make my first post with a question I have (any others probably do as well) and maybe consolidate some of the questions/differences us Canadians deal with compa...

Hi all, I am just looking for advice from Canadians that know the rules and regulations. I currently have two rental properties in my name and working on a slow foreclosure flip of a single family house while I live i...

I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...