Nathan Arnold
Business Name, LLC, Personal Name?
Hi! My name is Nathan and I’m considering making my first deal as a Real Estate Investor. I’m very strict on organization and would like to have separate accounts for my rentals and my personal finances. Since I will ...
Michael Seeker
Self Employment Tax on a Flip
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
The IRS does not allow real property Dealers to use the Installment Plan method of accounting. This means that if the Dealer does an Owner Financed sell, he/she is responsible for the tax liability for the entire pape...
Wilson Lee
Trasfering Ownership from a C-corp to to an LLC
The USA is a litigation happy country. I do my best to limit my exposure to this wild west style lawsuit culture we have.I am starting to flip properties but, for the last few years I have purchased rentals to hold. ...
Suzanne P.
Crossing US Border as a Canadian Resident for Meetings (Urgent)
As a Canadian resident and recent flip investor I will be travelling to the United States next week to visit my properties (which are in the final stages of completion) and to have meetings with my hard money lender, ...
Mark Ehause
It ought to be LLC???????
Hello everyone,I am a new real estate entrepreneur in the process of creating a magnificent business plan. I will invest into apartments or condos and then manage the properties. I have made the decision to chose an L...
Triston Blodgett
LLC , multi member company
Ive recently learned about the pros and cons of an LLC, starting out I've figured out creating an LLC is not the best option to begin investing. Ill stick to insurance and leverage. I understand to keep personal and p...
Jenna Y.
First deal - deeds, corp structure timing, transfer of ownership
Hello - I just acquired an abandoned property (absentee owner), the current plan is to flip it. The longer-term plan is for my fiance and I to buy-and-hold with flips to build working capital. We have no corporate str...
Hector Trevino
Most suitable form of ownership?
What is the best form of ownership for my real estate investment company? I.E. sole proprietor, S/C corp, LLC?
Michael Palmer
LLC and Umbrella Policy
I own several properties in NYS (outside of NYC) that are in an LLC. Could someone please define what the LLC covers ? Would you recommend an umbrella policy too?