Skyler Mckinney
Where can I learn about taxes? (flipping not rental)
I got my first flip on the market and have no idea about taxes at all. We are approaching the end of the year and I have always had a w-2 job or was in the Navy so taxes were very simple and I could do them for free o...
Ethan G.
Crowdfunding - Can we opt into Schedule C Trade or Business
I'm in a situation where I would actually prefer to turn my crowdfunding investments (over $300k of investments across 45 deals) into a trade or business and report it on Schedule C and opt into paying social security...
David Apolinario
Moving and Investing in Vegas
Hello everyone. Newbie here. I have been a listener of the podcast for a couple of weeks now. I'm a registered nurse and currently living in Socal but I plan on relocating to Vegas in the future. I'm still trying to f...
John Teachout
Fed tax disparity between 2021 and 2022 based on taxable income
I'm pulling my hair out over this years (2022) taxes. (turbotax)I've worked through all the Federal taxes and in 2021 I had an AGI of $111387. My taxable income was $75202 and fed taxes were $3504. For 2022 my AGI w...
Michael Merritt
How much wholesaling revenue for LLC s-corp taxation to work?
How much income does a wholesale business need to generate for an LLC with S-corp taxation to make sense? For example, let's assume my day job satisfies my social security tax and the wholesaling business does the fol...
Ben C.
S-Corp vs LLC taxed as an S-Corp for flips?
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...
Michael J.
Buy, Fix, Sell, Rehab Tax Burden Question, Rates?
Hello,
Just wanted to ask this to make sure I understand the tax ramifications correctly before venturing into a buy, fix, sell property.
If I owned the property and sold it in under a year, lets say...
Bryan Chuchta
What type of entity should I choose?
I have been wholesaling for almost a year and have completed a few deals. Everything up to now has been just in my name. I have been thinking I may want to form my endeavors into a company but don't know what type i...
Cherilyn Jorgenson
PM Contract questions
Hi All,
I need to sign a new PM contract for a MF property I own out of state (CA). I have some issues with the terms of the contract and would love to know what is "normal and customary" verbiage and if there mat be...
Jon Rood
This is the Truth!!!!!!
545 vs. 300,000,000 People
-By Charlie Reese
Oringal version
Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.
What you do with this article now that you have read it... is up to you.
This ...