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I own 6 multi-family properties (3-4 units each) all are positive cash flow, I am wondering what is the better approach ?
1. To allocate income/expense to each property on Sch E (as I have done so far) or
2. To decla...
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I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
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WOW, it is crazy how divided articles, economist, housing experts and the media are so split on this TOPIC? I am seeing people that I know or follow that study data say "it is a buyers market". I am also seeing arti...
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Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
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When someone engages in a seller financing transaction, what are the standard stipulations? Loan term? Balloon payment? Interest? What about taxes? Does the owner continue to pay property taxes? I am looking at ...
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Hello! So, I've been running my dad's company for the last 3 years...but it's not my passion, I have been dreaming about Real Estate Investing for as long as I can remember and I'm DONE just dreaming, it's time for a...
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Just Graduated from University of washington in tacoma washington this last week and Im gonna start my broker licensing course tomorrow as a way to start getting a deeper understanding of the inner working of how a d...
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I’m working with a guy and his girlfriend.The girlfriend’s brother passed away last week who inherited a house from the mother who passed away 3 months ago. So both of the previous owners died back to back in the last...