Juan Pablo Murillo
Benefits of Not Forming an LLC
Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
Jon Fletcher
Broker Commission on Your Own Purchase
Question for all the licensed brokers and salespeople: Have you used your license to buy investment property for yourself? And has the Seller's Agent split their commission with you? It seems like a great way to make ...
Shaun R.
Money in whole life insurance
Anyone here listen to the Lab Coat Agents podcast? I was listening to one this morning (https://podcasts.apple.com/us/...) and the guy was talking about putting your money into whole life insurance company's general ...
Neetu Patil
about taxes and insurance
Hi,While purchasing property should I add property taxes and insurance in monthly payment and let escrow handle that or pay once a year?Which will be beneficial?ThanksNeetu
THU NGUYEN
Paying your children to shift income from your business
Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.
Bryen Blankenship
Property Management Company Issued 1099 in Personal Name Not LLC
In May of 2019 I created 2 LLC's for asset protection for my properties in Chicago. One LLC was formed in the state of Wyoming as a partnership to hold my IL LLC as a single member which holds my properties. I've setu...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
John C.
Recommendations on Asset Structuring
Hello,I am interested in getting some thought so on how I should structure my current real estate investments. I own three investment properties at the moment which are held in my personal name and I plan to hold on ...
Justin Provo
Tax Lien Income Classification
I am interested in investing in tax liens and I'm curious how the revenue from tax liens is reported to the IRS. Are there any IRS documents associated with purchasing tax liens (even if they are redeemed before forec...
Trevor Smith
Consultant to maximize earnings on retail front?
My dad owns a corner property with a kwanzaa hut styled building in Ontario, CA. He has 4 small retail units rented and a fairly large area behind the shop that is unused. My dad still takes checks as payment and has ...