Hello,
I am totally new to RI. I set up my S corp less than two years ago, hence, only one year worth of corporate tax return is available. Prior to incorporating, I was on 1099 for about 2-3 years. My income increas...
Hi all,I am one of those people who is trying to break into real estate investing as a way to leave a day job that I very much dislike. However, I am finding through my talks with some lenders that, since I am still ...
I would like to hear thoughts from Canadians how they set up their entities in the US and why they decided on certain structures based on investment/exit strategies. I have seen LLLPs used, LP used, LLC owned by C-Cor...
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
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I've been engaged in corporate rental flips for some time. I recently acquiring a property for $145,000. It was rented as a short-term rental (STR) with a 3/1 generating $3,800/month and a 1/1 ADU suite at $1,200/mont...
Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...
Right now my LLC is located in California. After paying an immense amount in Taxes to California, we are deciding to move it to Nevada.
We have family there, so we feel that it is a great move.
With that said, I und...
I'm a newbie to the multifamily business. Currently have a 8-unit under contract, with closing in a month. I wanted your guidance/advice on the best way to structure the purchase such that I can protect my assets an...
I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...
I am interested in getting into rental investments via house hacking. My eventual goal is to own a portfolio of properties outside of my personal residence, but the first two properties I buy will likely be house hack...