Jasper Cooper
How do you hire your kids?
Hello,After hearing about it on Tom Wheelwright's podcast, I want to hire my daughter to help out with our real estate business. She is a mature 7 years old, and would do great at cleaning the hallways and common are...
Christopher Erwin
How to Get a Mortgage without W2 Income
A critical element of RE investing is access to good financing; rapid lender approvals and good terms provide an investor significant advantage in winning deals and generating strong ROI.For first-time investors or th...
Bernie Huckestein
"S" vs llc
I posted this on another BiggerPockets Forum and did not receive any replies...so I will try here:Starting out with a buy and hold real estate strategy...mostly single family or small 2-4 unit multi...currently my (u...
Adam Jaspon
Is an LLC or a S-Corp the right entity for a rehabbing business?
I'm currently a landlord and utilize an LLC for that side of my investing, however I'm preparing to start a rehabbing business and I'm unsure whether an LLC or an S-corp will be more beneficial.Any advice is much appr...
Donna Williams
California resident with WY parent CA sub LLCs
Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee...
Char Bacheh
didnt take a wage from my s-corp
i opened my corp in July and wasn't able to take a wage as the corp made like 6-8k can i just take a distribution, what would you recommend i do?
Eddie Ibrahim
Question on Solo 401k.
Hi,
I understand that the Employer (Single member Sub-S) contribution is tax deductible for the Company, however the Company pays both side of the ss/medicare (15.30%) tax. The question is, what is the cost of say a ...
Adam Collopy
Is there any benefits to paying your spouse a salary under your own LLC?
I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
David Edelstein
Company Structure / CPA Referral
I am starting a new house flipping business and have questions on how I should set it up. To start the company I will take a cash-out loan on an existing investment property. This will be roughly $500k.I'm going to fl...
Bryan Hancock
Tax Advantages For Whole Life Insurance Policies For Those With Payroll
In a separate thread there was a discussion of using whole life insurance to shield income from taxation for business owners with a payroll. My understanding is that this technique is used so that the owner with payr...