This year l left my W2 job. I do flips and have a few rentals. Is there any benefit to giving myself an official paycheck and W2? I do want ability to get loans. I have 4 years good schedule C and interest income.
My main question is, a good friend and I both have our own real estate investments in our name. We have been talking for a few years now about going into partnership and finding these properties together through an in...
I am forming a 50/50 partnership LLC for flipping rehabbed properties. 1st question should I use myself or an llc for my 50% membership? 2nd question is taxes. Do we elect to do our own taxes (each member) at the en...
Hi Everyone! I am an electrician living in Atlantic Canada just beginning my REI career. I currently rent out a duplex and single family home. As I look to expand I'm trying to gather more information/advice on how I ...
Hello everyone,I have been following BiggerPockets for years now, and I finally decided to get more involve. I am looking to network with local investors, realtors, wholesalers, contractors etc. in Boston and all of ...
I am sort of a newbie. I have done a few deals, mostly buy and hold residential, but I have been disconnected for the last several years. I have always been passionate about real estate, but I have spent the last ye...
Hello folks,I had a few questions about what entity to use for fix/flip and holding rental properties. I have read many articles on-line, but I am still have some doubts. I think a number of folks on the forum must be...
Hello everyone,I have a C-corp in the state of Ohio, at the advice of a real estate 'guru' At the moment, I am JVing on a long-term property in Pittsburgh. Is it worthwhile to hold the property in my C-corp? At the mo...
So I've heard wholesaling is treated like earned income for taxes. So whats the best method to keep records in order to be prepared (separate accounts) for next tax year? Is it any tricks to do to have this money trea...
I have a paid off 4 family in a corporation in New York and I would like to do a cash out refinance so I can invest in more property. Pros: paid off no mortgage Cons: no income only rent roll : I have an apa...