I have been doing some research on business structure for real estate investors. I am still not sold on the LLC model. Maybe I am just not seeing the bigger picture. So my question is in a few words why do I want t...
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...
First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC. She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...
I've read a lot about the asset protection plan of buying a property in your personal name with conventional financing, then quit claim the property into their LLC. My property manager told me he's seen people do thi...
This is a post meant to stir general conversation with other business-minded people about finding and working with professionals that focus on our wealth planning, taxes and related areas. I'm involved in multiple thi...
Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
The USA is a litigation happy country. I do my best to limit my exposure to this wild west style lawsuit culture we have.I am starting to flip properties but, for the last few years I have purchased rentals to hold. ...
Hello-I am an investor with 5 properties in the Seattle area. I am self employed. I am wondering about options for acquiring financing to purchase more real estate. My Debt to income ratio is high due to being self...
YES Yes I know ask an accountant
It’s Saturday I don’t want to wait until Monday 😀So could a corporation flip houses reinvesting profits into the next flip to temporarily avoid income tax instead of having to 1031?...
Hi everyone, I've been a "ghost" member for a few years soaking up as much knowledge as I can from the experienced members.I'm 24 years old and have been a licensed agent for 3 years. I was able to build my network of...