Brian Gossett
Greetings from Greenville, South Carolina!
Hello All - This site was recommended to me, by a friend, and business mentor - he's located in St. Louis. He and I worked together in the corporate world for a couple of years. When I met him in 2010, he told me how ...
Matthew Cervoni
Can my S-Corp paystub (W-2) qualify me for a conventional loan?
This question is for the lenders out there!I am planning my second house hack and would like to get pre-approved so I can start getting serious about the deals I am analyzing. My last house hack allowed me to save eno...
Ian Saingarm
Tax strategies for house flippers
Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table. Other...
Bill Mitchell
How fast can you setup an LLC?
I have been wholesaling up until now using my name on the purchase and sale contracts. But I have been closing them regularly enough that I think its time to consider setting up an LLC.
Typically how long doe...
Daniel J.
Taxes and how to structure a "Partnership"
Hey All,I have two different questions but they are ultimately linked. I'm super confused at this point on the tax advantages of buy and hold RE. I have been talking with my aunt who is a CPA here in the Houston, Texa...
Dolly Caswell
Getting conflicting info about tax deductions for my rentals
I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...
Dan Darby
LLC Name Change
First post here, awesome sight,
I am interested in investing in the rental property business.
I have used some tools from this sight and other internet research to form an LLC.
I dont like the name that I used for ...
Carson Wright
Best Entity for Flipping and Best for Rentals?
Hi, I’m new to this website, but heard I can ask all of my questions here. I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding r...
Rich Sutherland
Nevada LLC v Connecticut LLC
Hello All,An absolute newbie here! I have a partner who has created an LLC in Nevada for flipping houses as they were advised it was best. Ive done a little research and looks like it is more beneficial to create an L...
Kayla Elliott
Newby
Hi yall! I'm from Southern California looking to start investing at the crazy-experienced age of 22. [insert sarcastic response]. My biggest obstacle at the moment is where exactly do I start so if anyone has any idea...