Dinesh T.
Security Deposits: Escrow or Landlord/Tenant Account
Connecticut law states that the security deposit MUST be held in an escrow account. When I went to the bank today, they advised me to open a Landlord Tenant account which I believe is not an escrow account. Can someon...
Ben C.
S-Corp or LLC for flips?
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
Gordon Starr
Should I hire my own kids to work for me?
Hey everyone,I am a sole proprietor with a steadily expanding buy and hold portfolio. My kids are age 8 (son) and 10 (daughter). As a single dad with sole custody, the kids have always tagged along in some way - somet...
Mary Jay
Taxes during retirement
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Mary Jay
Couple with delinquencies or a guy with out of country employment
Hi guys,
I need your advice please. I am trying to rent out one of my rentals and it is $500 per month , 1b/1bath house.
I have a couple of tenants who I run a credit report on and here is what Ive found:
1) A Mil...
Clint Worland
capital gains tax on my short term flip?
Good Evening. I live in San Diego CA and i am about to sell my third flip this year.
My First two flips the FTB took a larg percentage from Escrow for cap gains. In reading thorugh some of the other posts its...
Andy Saintilus
Building Wealth While Working a 9 to 5
Starting my journey into real estate investing was challenging just like starting any other business venture. To be honest, I didn't think I would make it this far, not because I didn't believe in myself but because i...
Dan V.
Tax Implication and Other Things to Consider
Me and my wife are planning to purchase her mom's house. She used to live in the house and now lives with us for about 2 years now so the property still qualifies as primary residence. She is open to seller financing ...
Erik Sherburne
Paying myself as a property manager
I have been managing my own properties, can I pay myself as a property manager? Set up a different business? Pay my wife?
Nick M.
Prospective tenant income verification question
Merry Christmas to everyone!
I am in the process of renting out a home and want verify the income for this couple that applied for it. My question is: am I legally allowed to do that and how do I go about it? Do I c...