Dina S.
Do you or do you not need an LLC to start investing?
Hi everyone, I’m trying to understand the basics of investing. I’m confused on whether or not I need to start with an LLC or not. I recall on a bp webinar if investing in single family homes you don’t, but for multi’s...
Account Closed
Doing Lease option deals with or without a corporation?
Hello everyone! I have a question that I am eager to get some feedback/advice on. I am a beginner investor who is interested in doing lease option deals here in the south Florida market. My goal is to invest in buy an...
Will Antonio
New investor starting our in Calgary
I've been pursuing my first property for about half a year now and came across some information that raised some questions that I was hoping my fellow Canadian and even American neighbors may have experience with.
My...
Natalie Gelbke-Mattis
Marketing platforms for a furnished one bedroom
I have a furnished one bedroom condo in Cleveland that I would like to market as furnished. I have it listed on Furnished Finder, but outside of the usual marketing platforms, what are other options I may have to mar...
Selina Giarla
What are your most helpful tax strategies? Can I create a business to self manage?
I have 8 doors that are investments. I have children and a fulltime job. I would like to find tax strategies to reduce my taxable income. All houses right now are mortgaged through my name/social, but deeded over to r...
Price Kenney
C-Corp for every deal?
I’m an investor from Canada researching options for flips. My understanding so far is that a C-Corp is preferable to an LLC for a Canadian as the CRA doesn’t recognize LLCs the same as the IRS and you’ll end up being ...
David M.
Best Tax Strategy for $100k bonus from sale of business
A friend of mine works for a small laundry mat chain that is for sale. His boss agreed to a 20% bonus upon sale because he is an essential employee and is responsible for the growth and success of the business over ...
Mark Barnes
LLC or S-Corp for REI business with partner
Hello BP, I'm curious if you could provide some insight into the better entity to form for REI. Would it be better to form an LLC or an S-Corp? I hear with an LLC the directors can still be targeted in lawsuits. Is t...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
Michael Plaks
1099-NEC due February 1st (replaces 1099-MISC)
NEW form 1099-NEC replaced 1099-MISC for contract labor THE DEADLINE IS FEBRUARY 1st! When, where and how?
The short answer is: obtain form 1099-NEC, fill it out, and mail “copy A” of that form to the IRS and to ...