After reading "Rich Dad Poor Dad," I have learned more about why corporation will help someone protect their money from taxes when owning a business. If I am planning on owning multiple properties in the future, is it...
hi,I have 4 SFH home rental properties with lien directly under my name. many people recommended me using LLC to mitigate risk ( however LLC still is pass through entity) so not sure what risk does it mitigate?Can the...
Hi Everyone!I am new to the home flipping industry in Tampa Bay and am seeking feedback on which type of business entity I should pursue. I am obviously looking to maximize my coverages and protection, while minimize ...
Hi, this post is relevant to Canadian residents who are investing in US rental properties. With regards to setting up a company structure for these properties that will avoid double taxation on rental income in US and...
Hey guys, I'm Armand and I'm from West LA, California. I recently started listening to the podcasts, reading books, and studying for my agent's license.I launched a company 1.5 years ago and had some tremendous succes...
I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
What are peoples take on setting up a corporation or something along those lines for their investments? Up to this point we have done it through our personal accounts. Are there any benefits to setting up a corporatio...
Hi all.Not sure if this is the right category...if not, apologies in advance.I’m from Canada and new to re investing...especially in the US.I want to buy 1 property to start and build out from there. My question is m...
I am building a portfolio of Arbitrage properties via commercial leasing through my real estate investment C-Corp. To diversify into real wealth I am looking to purchase a four-plex to be owned by the corporation. Whe...