I’m totally green when it comes to real-estate investing. I’m about to have my first rental property (my first home purchase) and I am fortunate to be in a situation where I have a place for my family and I to stay...
I'm a bit of a new flipper. I use craigslist and yard signs with some success to generate buyer interest. What else is working for everyone?
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...
Hey all,
I’m working on wholesaling right now and to be honest I don’t know much about taxes. I’ve only had to do my taxes once or twice and only through turbotax and such. Is there a certain percentage of my wholesa...
Is it OK to setup a Corp/LLC to manage rental property that I own personally? I use this LLC to manage expenses and for tax purposes. I currently have an LLC S corp to manage various residential rental properties t...
I have a question about the best way to hire my son to maximize tax savings for the both of us.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental propertie...
Hello BP, I have a question about LLC partnerships and tax ramifications. I want to create an LLC to hold title to a house we have under contract. We intend to flip the house. My husband and I both have w2 jobs and so...
Hey All,My wife and I are looking to buy my wife's grandmother's house in Massachusetts and grant her a life estate. Given the interest rate increases recently, we would like to buy it subject to her current mortgage ...
I am a licensed minister working for a non-profit ministry. I have the optIon of opting out of FICA tax. As of right now I am paying It setting aside $750/month. I was wondering If I should stop paying that tax and pu...
The more articles like this I read, the more I think it's time to build-up the reserves.The value of Canadians' homes also continues to climb, despite a shrinking economy. Canada's Teranet-National Bank House Price In...