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I'm a realtor in California. I recently filed an LLC to save money on self employment taxes by creating an S Corp. The LLC should be done in around 20 days. I have two transactions that have just closed and a third on...
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Hello!My husband and I are in the process of launching our first STR in Savannah, GA. I have a couple initial LLC and tax related questions.1) The house was our primary residence, and was bought under my husband's nam...
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Looking into building a DADU. I've talked to some DADU builders that do everything from start to finish (plans, permits, excavate, foundation, etc). I am considering doing all of this myself for learning experience, ...
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I was wondering others opinions. I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turb...
I am having trouble on deciding where to begin in REI. I have put together an outline of things to do.
1. Build up personal credit.
2. Create LLC
3. Research Pre-Foreclosures
4. Create Contracts
This is where my pr...
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We are selling a Virginia property which we bought as our primary, but switched it to an STR. We held as primary for a year and STR for 2 years filing the appropriate tax declarations/forms etc. during each stage. The...
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looking for some guidance. i have been listening for the last 8 months and think i have overcome my fears but have some problems. I filed bankruptcy in 2014 and now I have $10,000 saved for my first rental property. ...
The first question I have is about title companies how will i get my contracts to them can I email it to them
The second question is how can i do due diligence
I know its going to be difficult but i want to do my fi...
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Hello all,
In the middle of acquiring my first rental duplex in Ohio as an OOS investor. I have two major questions.
Should I open an LLC for it?Should I open a new checking and savings for it? (mostly what ive read...
I plan to create an llc to handle my investments, but I live in New York City and do not plan to do business here. At least not yet. I want to start out of state and build my way back to New York. I'm aware of the pot...