I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.

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I am in the process of buying my first property in the next few months and at 6 months in the longest. I talked to a rehab lender and everything seems to be pretty good once I get them money from some of my investors....

We have been working on renovating a multifamily home (Midwest) and had a large chain plumber redo our water lines. Four months later, we find out that we have water leaking from our third floor onto our second floor ...

I've seen this topic get brought up in other passive RE forums but am curious to hear from the BP community. It seems we're seeing more and more operators move to a fund model, which I like for diversification. Howeve...

With the recent change in tax laws and businesses including sole props now being able to set up a 127 education assistance plan and deduct student loan payments as a business expense.  I was wondering if this is avail...

My HOA in Arizona is proposing a drastic change to the CC&R's and has put this out to vote of the community.  In order for it to pass, it would require a 2/3 consent of the neighborhood.  In a nutshell they are re...

I have a unit in Chula Vista. The tenant is currently month-to-month. I have non-renewed in the past but with all the changes in laws I thought I would reach out to the community and see if somebody can advise on any ...

If someone files an extension and has a single member LLC (SMLLC), is the LLC’s extension due date 9/15 (or 9/16 this year) or 10/15?Even though in most cases it’s a disregarded entity for tax purposes, in Kentucky we...

Hello everyone,  I am trying to flip 2 houses this year, buying with hard money loan, completely renovating/rebuilding and selling it. My question for bigger pocket community is . What entity be best for this purpose,...

I bought a 2/1 as a live in flip with the plan of LTR after completing the renovation and moving to a new live in flip. The basement was completely empty with just a work bench down there. I am adding 2 bedrooms a bat...