Rick Strobel
One man S-Corp buying a car questions and concerns
I'm self-employed and have been doing business as an S-Corp for many years. Currently drive a 12 year old car that I own personally. Thinking about buying a newer car.
I'd like to have my company buy it. That way ...
Jon Mitchell
Direct Mail Marketing: Metered Mail vs. Physical Stamps
Hey everyone,
I'm beginning my direct mail marketing campaign through a third party company as of now. As I grow and expand my business, I would like to start doing most, if not all, of my direct mail in-house to sav...
James Phan
Sourcing materials for Developers
Hello Folks,
I am planning to start a building materials business starting with just one product line due to starting capital. I don’t have the best selection or inventory, but will have the best prices.
That being ...
Jackson Pollack
LLC vs. S Corp with $10 million in profit
I know there's a lot of information out there about the differences of S Corp vs. LLC vs. C Corp, but I have a specific hypothetical scenario that I would like to seek others' opinion on as to which entity type would ...
Emily Muhoberac
Splitting Electric Bill For Owner/Occupy Property
Hi! Looking for some advice: I have an AirBnb garden apartment attached to my main residence. I pay all utilities for the unit, as they are not separated (internet, water, sewer, electric, gas). As I'm doing my bookke...
Lester Walkowicz
Contractor labor costs
Hello everyone, I wanted to know if $30/hour in North Jersey is a reasonable or too high to pay a contractor for labor. He is someone I know that is very good. He just started to be self employed and has no real exp...
Jasmine Brumfield
Starting A Wholesaling Business in Nevada
I am wanting to start a integrity based Wholesaling business in Las Vegas. I'm a mother looking to make my mark in real estate as an entrepreneur. I won't be able to do a lot of footwork in the beginning so what ar...
Amaury Rodriguez
$3,600 for Tax advice and preparation
I was quoted $3,600 for tax preparation and advice. I own three properties, one duplex, two single families, plus regular W2 income. Properties are located in PA, I live in NY. This seems steep, and I doubt there's so...
Deepti Mikki
Question on investing in motels - tax benefits
Hi, Quick question on investing in motels. Does cost segregation and double depreciation apply to motel investing as well? I know for multifamily a general rule of thumb is roughly 35% of the purchase price can be dep...
Mike Dole
Renting to section 8
Hi I am considering renting to section 8. If I own the home(deed in my name) can I get paid rent from section 8 through my business? Thank you