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Self-employment taxes are imposed on self-employment income in lieu of Social Security and Medicare taxes that an employee would typically have withheld from their paycheck. It is calculated on the net income that an ...
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We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc. How do you pay yourself? Is this easily possible withou...
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When you wholesale houses, do you have to pay short-term capital gains for each deal?
I wasn't sure how this worked.
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How does one manage/report income for wholesale checks issued from title co.? 2016 was my first year making money on wholesales. Do you just provide your book keeper/accountant the HUD1 or do the feds issue 1099 from ...
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I see and hear LLC all the time. Why dosnt anyone operate S-Corp instead, as the self employment tax is avoided? So I am obviously missing something. What is the pro con with LLC vs S-corp?
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Ok, as a beginning wholesaler getting my ducks in a row, would it behoove me to get an LLC first before I start doing business or would it be fine to do some deals first and get an LLC eventually?
Pros/cons?
Thanks ...
Apparently not the Federal Reserve Inspector General. She doesn't seem to know who is responsible for investigating as well.
http://www.youtube.com/watch?v=PXlxBeAvsB8
In the past, I've infrequently purchased homes from people going into nursing homes, and have ran into situations like the owner only being able to sell it (for example) 70% of the homes value. I was under the impress...
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Held a rental since 1994, sold it this week after many years of success as a part of my portfolio. It is bittersweet. I learned and applied all of my 20 plus years of real estate knowledge with this property. The oppo...