Roxanne Lembke
Realtor, do I need 2 years of tax returns to qualify?
Hi everyone, I am an agent and would like to buy my first home, (the irony, I know) I've done quite well my first year in the business, however I want to know if it is possible to qualify after only 1 year of tax retu...
Carlo Michelotti
W-9s & 1099s: How do I pay contractors "under the table"?
I've have guys doing rehab work without a contract, and I pay them with checks out of a business account. They're licensed, but this is "side-work" for them. They do good work and don't charge a lot, so I thought ever...
Justin Putt
Forming LLC Online
Anyone have a recommondation for a good place to form a LLC online? I have been looking at mynewcompany.com They seem to be reasonably priced.
Luis Montanez
In a "subject to agreement" who keeps the rights to claim tax deductions?
In the ideal circumstance the title of all your properties will be under a corporation and all transactions and deductions under the corporation so any profits or loss will flow to your personal incom. However, since...
Bonnie Donahue
Setting up your biz? LLC? Corp? Partnership?
Hello! I'm new here and just starting my biz with my husband. Did you start an LLC, S Corp, C Corp, or Partnership? Our Accountant suggested that we do a partnership but I've read that a C Corp is best. We are going t...
Ashish Khera
Can my C Corp lend money to my LLC
Hello All,Loooong time lurker - first time poster. Have learned a lot over the past year!I own a C corp with one other partner (my brother) - completely unrelated to real estate. Generally we zero out income from th...
White Kandlez
Wholesaling with no llc/scorp
Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...
John Stanley
avoiding capital gains tax on foreign property
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Matthew Kelly
New Sacramento area investor
I have been doing a lot of research and found that the smartest way to build wealth with my money is to invest in Real Estate. So I am pursuing my License and looking to network with other investors to flip some house...
Joshua Ellis
How to pay myself
My dad and I are going to be purchasing a rental property soon under the LLC which he owns. What would be the best way for him to distribute my income to me. I want to be legal and also take advantages of the tax bene...