Hey guys,I wanted to get some advice on if this structure works. It's really hard to get in touch with some lawyers/cpas in my area, so I think I am just going to file everything myself. I just want to know what every...

So the numbers on the job market came out today and they aren't good. I am sure things like Japan and some of the domestic disasters hurt the numbers, but they are still horrible by all accounts. The following link ...

Hi everyone! I want to form an LLC for my new wholesaling business and want to open up a bank account for it. My question is, my credit isn't great right now, and I know that banks are suddenly choosy about who they w...

I am having trouble finding article which discuss how taxes are handled when flipping properties under an LLC. If you could share an article or help with the below scenario, that would be greatly appreciated.
Our LLC ...

my partner and i have been talking to a cpa and he told us to start up an s-corp to avoid self employment tax which is at about 15% in minnesota. according to him we would 1) incorporate our business 2) file with secr...

Hello everyone!

I have a two pronged question...

Can you explain to me the difference between having an S-Corp vs an Llc Taxed as an S-Corp?

Lastly, I know some people simply say have a new LLC for every single fl...

Hello everyone!

Just listened to the BP podcast #244, and a light bulb went off in my head. I live in Northern VA and every neighborhood I look into has some sort of HOA.

I'd like to start asking questions on how t...

Hey all! Very unique situation. I’ve been trying to work with a lender that deals with special cases (referred by real estate friend) and im getting nervous that i wont be able to refi out of my hard money loan. Bough...

Hello everyone.  I have real property which is mortgage free and want to transfer into a LLC for asset protection. I am drafting the Operating Agreement and have been doing some research.  However, one thing that I ca...

So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...