Steve Blair
s corp or llc?
I was wondering what was recommended as the preferred company set up for a rehabber. I do not have any partners, plan to rehab primarily and am located in Orlando, Florida (no state tax). I've asked an attorney and ...
Greg P.
Pay myself Salary will help qualify for 30 year loans? Advice please
Hello, my question involves having my company paying me a salary. Would it be smart to do this since if I can show two years income, then I can qualify for 30 year loans on rental properties I am planning on owning. ...
Kyle McCorkel
Which LLC to use for a flip
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Barbara C.
Help start up
Hi, I'm new to BiggerPockets and have a few startup questions: Do I have to wait until I have an LLC set up before I can actual do any transactions? If so, how do I handle this when I file my 2009 taxes? Also, I suppo...
Lucy Can
How to do taxes on Property Development
We bought a single family home near downtown Denver, gave it to a builder for constructing a duplex after doing a quit claim to an LLC in 2018. The Duplex finished building in Summer 2019 and we sold it in fall 2019. ...
Keith Linne
Apartment Building Deal Analysis
We have an off-market 18 unit apartment building under contract, with a mix of units (1 studio, (6) 1BR and (11) 2BR units).I own 10 units in the area; however, they are a mix of 1-3 unit buildings. I'm much more expe...
Richard Adjou
Unused LLC
hey BiggerPockets community, I'm just getting started in real estate and following popular belief, I was under the assumption that for tax and liability benefits the first step was to get some corporate entity set up ...
Daniel Jenkins
Taxes on Investment property: LLC to Personal name switch
Hi All, Just looking for some advice and recommendations for an excellent CPA. I purchased my first fix & flip in March this year in Charlotte, NC. Purchased all cash from a wholesaler. After reading various sourc...
Melody Kushi
Capital From Selling Own Home
Hello BP Community!!My wife and I decided to sell our home and invest whatever profits came out of the deal. In the meantime, I have been binge watching YouTube videos, networking at REI events and attending any semin...
Gary Cornwell
Newby Accounting question
Please for give the newbie question, and if the answer has already been posted, please just reply with a link to that thread if you would, please.
I own a small business (LLC with 35 employees) currently, and it has...