Bobby Masih
wholesaling property with backtaxes
have a property where seller wants 15k but owes 10k in backtaxes... instead of writing the option agreement for 25k (house is worth probably 20-25k), i offered him his full 15k to be conveyed as quit claim deed in hop...
Shawn Torsitano
Pass Income to Another Business to Buy Investments. Tax Evasion?
A friend and I are both starting our own painting contracting companies, and something we were both thinking about doing with our profits, if we are good enough to make high profits, is invest in real estate. But we'r...
Kesha Hamilton
Negotiating Notes
Does anyone here know of a person or service that negotiates notes? I have an opportunity on one and would like help pushing it through. Thanks in advance!
Matthew B.
Should you change your LLC regularly? Attorney says yes!
I've had an attorney and a CPA tell me I should change my house flipping LLC regularly. Run a dozen or so deals through, then let the LLC dissolve and create another one.I believe the reasoning was for liability purpo...
Shon Drennan
Flipping concerns in springfield MO
I am currently doing research towards being able to do my first flip. The houses I'm currently looking at in distressed condition are between $50,000 and $70,000 2/3 bedroom and 1/2 baths. Most of what i'm finding ar...
Raden Mantuano
California Wholesale Scenario Question?
Wholesale scenario in the Southern California Area:Looking to get a property under contract in a desirable city in SoCal which has been vacant and abandoned for over 6 months free and clear only about $5k in back taxe...
Peter Morgan
Solo 401k better than SDIRA for my situation?
Hello,With the stock market doing so poorly, the 401k from my old employer took a beating this year and I realized I did not have much control to take over any damage control. So I initially was thinking about opening...
Matthew J.
Qualified Joint Venture and solo 401k contribution
I have a full time job 9-5 where I contribute to 401k in full and Traditional IRA around 1,000 due to income limitationsI also have a side job (Sole Prop) where net income will be close to 50K in 2018. I am planning t...
William Coet
Is This For Real? High Yield Savings Accounts 5.27%
Are these legitimate savings accounts that are insured? It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.https://finance.yahoo.com/personal-finance/best-high-yield-s...
Rafael Lopez
Entity Structure - California Specific
I understand that being from California, one is obligated to pay the California Franchise Tax Board for every LLC owned whether it's in state or out. If one owns multiple multi-family buildings out of state with each ...