I am part time real estate investor and full time marketing consultant. Interested in doing real estate flips and passive income strategy. I have attended couple of professional real estate programs and have gained lo...
Hi Guys, I am looking to buy a condo to rent it out while i am renting my self, this seems to be a odd thing. but I want to build my equity while i could accumulate to buy a house for my self. I am concerned about th...
I am a 1099 “self employed” musician out of Nashville. I’m wanting to house hack ASAP but I show so little on my tax return that I would not get approved. I’m looking into starting up an LLC taxed as a S Corp to relie...
Hi,I am trying to rent out my 5 bedroom house in NJ and I was recently approached by a gentleman who says he represents a corporate housing company. He said his company provides accommodations for temporary workers (f...
We are needing to set up a corporation for house flipping and possible apartment houses and maybe commercial properties. How does one go about this, what is the best way to set it up and what are the normal fees to do...
RECPATAXMAN,
If you could go into a little more detail on this S-corp SE savings.
I'm not clear on how the end of year dist. will be excluded of S.E. tax.
I'm currently interviewing Atty's to setup my first LLC an...
Where do you spend money each month? Something I recommend to everyone is to take a look at their monthly expenses every so often and see what can be moved from the personal side to the business side.
Remember, to ma...
I was listening to a webinar replay that briefly touched on hypothecation to recapitalize from performing notes to increase speed of building a portfolio. It seemed the overall focus of the call was on SDIRAs, but the...
I currently have a LLC registered in the state of Illinois. If I were to buy an out of state property, what's the best way to go about holding that property? Can I hold it in my Illinois registered LLC or should I cre...
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...