Neel Shah
Tax strategy on fix and flip for full-time employed
Hello,I work full-time and invest in buy-and-hold real-estate for long term investing. One property has come up recently which will net me $30k profit, if I fix it up and flip within a few months. I'd like to pay mini...
Ahmed Hanafi
Questions about getting a loan without prior 2 year employment
have about 300k saved up but I wanted to get a loan instead of using my money however the only thing that messes me up is that I haven't had 2 years of prior employment. I was gonna buy my first SFH for about 60k cas...
KANE WHITESIDE
Self employed, best way or best lender for rental properties?
I have a couple of rental properties in Atlanta I am trying to get long term loans for and having trouble with conventional loans because I am self employed. I have one rental property in Chattanooga that I have purc...
Matthew Cervoni
Tuesday Tip: Don't Pay Self-Employment Tax on your STR
Self-employment taxes are imposed on self-employment income in lieu of Social Security and Medicare taxes that an employee would typically have withheld from their paycheck. It is calculated on the net income that an ...
Dana Sample
Income "add backs" for self-employed when qualifying for lending
Good morning!I'm a Tax Preparer in CA, and recently I've been getting more and more clients requesting to not take certain deductions on their tax returns because they want to keep their income high for lending purpos...
Junaid Khan
Looking to grow our portfolio and be self-employed...again
Hello All!
My wife and I own two single family homes next door to one another. One we rent out, the other we live in. We have equity in both properties and need help figuring out the best way to leverage that equit...
David Niles
Self Employed moving out of state and buying a house.
A friend of mine and his wife are moving south to Florida, not to retire but to get away from the cold. They are both self employed and have been for 30 years. Their finances are great, no CC debt, fico in the 800's...
Daniel Dietz
What Qualifies as "Self Employment Income" for setting up SOLO401
Hello All,I am going to be talking to a couple of the "Pros/Vendors" for are so sharing of their time and knowledge here this week about setting up our Solo401k accounts, but thought this might be a good question to a...
Dean D
Saving 15.3% in Self-Employment taxes with an S-Corp?
RECPATAXMAN,
If you could go into a little more detail on this S-corp SE savings.
I'm not clear on how the end of year dist. will be excluded of S.E. tax.
I'm currently interviewing Atty's to setup my first LLC an...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...