Without doing anything illegal i would like some crafty advice on incorporating losses incurred on the failed acquisition of another property, into my expenses for 2021.Background: I have only one rental property whic...
Hi all,I'm a Canadian investor investing in Upstate New York. I'm looking to incorporate sometime within the next week, as my lender only deals with Corporations. Being Canadian, there are different tax implications s...
Whats your take, did you incorporate or invest personally? Pros and cons?
Hello friends, anyone run into this scenario. Just purchased a SFR in La Verne, CA. I have a legally built and permitted detached garage in LA County which meets all specs for ADU per zoning, fire, setbacks etc.
T...
Hello. I need to open an LLC (Corp2Corp contact is coming), but I'm not sure in what state to do it. Currently I am located in TX but in 6 months I will relocate to WA.
What option is better:
1) Open LLC in WA ($200...
I was just wondering if anyone worked with Nevada corporate headquarters? They work side by side with rent to retirement and seem like they are giving more than I really need in order to own one turnkey rental propert...
After years of time spent on research, I've gotten to the point where I'm considering quitting my day job and taking up trading as a career, and I'm looking into options for reducing my taxable income. Some relatives...
Hey guys!
As a new investor I see a lot of articles about different kinds of corporations people can start to house their real estate business. Entities like S-Corps and LLCs are just a few options I've read about on...
Would it be best to be a corporation/LLC before I purchase my first piece of real estate? In other words, should I make my purchases as a corporate entity, and if so, which is best, LLC or Corporation?
Hi everyone,I have a quick question and hoping someone can help.I leave in California/resident, and I am planning to create my LLC Business in WY and I am wondering if I will still have to pay the $800 California annu...