I will soon be flipping homes in a newly created C-Corp.  My plan is to pay myself a salary and reduce the Corp's yearly net income to zero.  I would like the corporation to pay as many of my personal expenses as poss...

Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD.  As expected, he recommends Roth conversion and ...

I’m looking at purchasing a home in my college town. I'm a 21-year old college student from NY. I will live in one of the 5 bedrooms and rent out the other 4 to friends. I have been pre-approved with a local bank to p...

Do you have to issue a w2 to a child employee that makes under $12,000??

I have been investing for several years. Initially, I met with a Tax Consultant to ask how to categorize Misc Expenses. Expenses that cannot be tied to a particular property. He advised that I either not report the...

I purchased my 1st tax lien (Lake County, IN) in last year's tax sale.  Though, I've hired a lawyer to comply with the deadlines and notifications within the 1 year redemption period; I waited almost until a week befo...

This will be my first time investing in real estate. I would greatly appreciate any advice from anybody. Is it more wise to have a buyer lined up before getting the deal? How does the financing work for all three part...

We have a vacant lot in North Port, FL and are looking to sell.  Have heard there are two options, Quit Claim Deed or clear the title and complete a traditional sale via contract.  Looking for advice as to the pros an...

I am in the beginning stages of investing. I have been looking at single family, however came across what appears to be a good deal on a very small 4 unit Mobile Home Park. It's located in the country,  fairly rural, ...

My familys has a LLC set up that is mostly used to pay for my grandmothers care via rental propertys. I am the manager and I do not take a salary or any other payment from the LLC. I know you arent supposed to comingl...