Garrett Bailey
S-Corp is it worth it?
I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?
Thank you,
Garrett
Mike Joesph
Is this HELOC idea good?
Is it a good potential idea to take out 120k from my HELOC buy an investment property in cash, light rehab.. rent it out for great positive cash flow for two years, then sell after two years to avoid capital gains tax...
Terry Royce
A few questions on Double Closing
- Do you have to include any special clauses in your contract when doing a double closing. Also, with the end buyer do you just use a standard purchase sales agreement.
-Do you have to pay capital gains on a double c...
Kyle B.
Insurance Question for Full-Time Investors
I am a long way from even considering full time investing, but I'm curious as to how full-time investors are handling this. What do you do for health and medical insurance? I would think this is a large living expens...
Katherine Robbins
Flipping LLC being taxed as SCorp
Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...
Roberto Westerband
LLC taxed as S-Corporation - Tax Provisions
If an LLC elects to be taxed as an S-Corporation, what are the specific tax provisions that would need to be included in the Operating Agreement in order for that tax status to hold in court down the road? Thanks
Roohil Hamid
First rental property in Clark Fulton
Hi! I am currently under contract for a property near the hospital in Clark Fulton, I read some forums saying it is a D/F neighborhood, is that still the case today? I'd assume near a hospital would be a great area to...
Lucky B.
Self Employed with rentals, and now a flip house
Hi All, I would like to get some help on how to best achieve my goal of flipping a property with the lowest possible tax burden. I recently bought a home, and I had plan to resell it, until, a friend mentioned someth...
Jeff Wallace
401k rollover to purchase rental property
I would like to hear feedback from anyone who has successfully used a Rollover as Business Startup (ROBS) or a Business Owners Retirement Savings Account (BORSA) to use assets in a 401k to fund investment real estate ...
James H.
The Work Number
Has anyone had good/bad experiences using "The Work Number" for employee verification? We usually ask for pay stubs and do not formally verify employment. But, we have a perspective tenant whose income we would like...