I am currently building a house on 5 acres. The five acres next to mine is currently up for sale. I know that there is someone else interested in it but I'd really like to buy it to keep from having a house right next...
Hello all, new to the forum. I posted an introduction in a previous post...Short story: my wife and I were walking through the Park Hill neighborhood in Denver, CO and noticed a 2 story 80-100 year old house that loo...
I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
My wife and I bought an investment property about 6 months ago in our area. We have been renting it out and in that time frame have done a full basement remodel. Due to the market status and analyzing it, we believe i...
If I have multiple investment properties and over the course of my time owning properties I realize that if I choose to re-sell the properties any profit I would make on the properties they would be subject to capital...
I have come across an investor that wants to retire and head south. He is selling off all of his properties, 34 total all SFH and all currently rented. My questions are these, is it possible to buy all under one loa...
I’m curious how others approach paying taxes after selling a flip project...1. Do you pay your taxes to the IRS immediately after acquiring the check from closing? Or, do you put enough aside and pay at the end of the...
I've got the basics down on how a wholesaling deal works but I have a few questions on the steps before even marketing to find the deals. Do you have to register a business with the state, if so, what type of business...
Really interesting article on the tax haven of South Dakota. Any thoughts on how this applies to real estate investment? Seems like you could dramatically increase your net profits when selling properties with no capi...
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...