What % should I be setting aside for Federal Taxes on a flip that takes 4-5 weeks? This would be our first rehab and we may do one or two more this year. Does that fall into the "investment" category with a lower ta...
Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
I'm brand new to REI and being a landlord. This is my first time posting although I've been watching and listening to the podcasts for several months. I've been talking to friends in the business and reading a lot (...
Tenant Screening - Now more important than ever! This has always been the a crucial part of the rental process, but now landlords and Property Managers should be even more meticulous because the CDC Moratorium has bee...
Background: I been working on Airbnb arbitrage for 4 years now. I rent properties and rent them out, under agreement with owner.Went through pandemic, I feel my strategy is mature enough for me to move on to next stag...
I'm looking for additional information on the Kalamazoo Market. Real Estate trends, Job trends, etc. Has anyone ready any good articles lately and or have any personal anecdotes or hypothesis based on personal experie...
I have been a self employed real estate professional for 7 years. I pay 15.3% self employment tax + federal income taxes + state income taxes. All of my income is through commissions or fees I charge my clients.At wha...
Hi all. I'm new to real estate investing and from the Philadelphia area. I recently set up my business using legalzoom. The main function of the LLC will be to flip properties. While I do have a minority partner, I wa...
Hi there - I'm looking to buy a SFR such as a 3 BR / 2 BA and right after convert it to a smaller SFR and ADU. I would then like to convert the garage into a second ADU and rent out both ADUs. I make $20k gross monthl...
Good Morning
Im looking for the best way to partner my llc with my sisters 401k.
We are thinking of buying the property in the 401k and when the property sells the 401k pay my llc any thoughts on thi...