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 ...
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...
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...
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. ...
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?
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, ...
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...
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...
I’m seeking advice on how to handle a challenging situation with noisy upstairs neighbors in an upscale Miami apartment community. We have lived in our apartment for nearly three years without any issues, but since Ap...
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...