Bienes Raices
Use a comma in LLC name, or not?
I know that states will allow you are to do it either way:
ABC PROPERTIES LLC or ABC PROPERTIES, LLC
This might seem like a strange question, but is there an advantage to doing it one way or the other? On my state's...
Carson Wright
Best Entity for Flipping and Best for Rentals?
Hi, I’m new to this website, but heard I can ask all of my questions here. I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding r...
Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Ralph E.
Do I need a business entity in any state I do business in?
Is it true that I need a business entity set-up in any state that I do real estate investing in?
David Roberts
My Roofer is MADDDD I 1099'd him
So 2015 was my first full year in the real estate business. Someone published an article a week or two ago about making sure we get our 1099s together out to our contractors and such. I honestly didn't know I had to...
David Yu
Solo 401K borrow money
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Mandy Morrow
How DO you build Corp Credit???
Help me guys and gals!
We have a 2 year old S-Corp and we want the S-Corp to start having credit, our accountant told us to transfer our business credit card to the Corp and try to get our business vehicles transfere...
Sherwin Gonzales
Sell or Refi? Negative cash flow in an appreciated market.
I currently own a loft that I am renting out in an up and coming neighborhood that has many planned developments in the works, which include apartments, retail, parks, etc. all walking distance from my property.The pr...
Brie Schmidt
Tax Questions about Flipping
I wanted some feed back to make sure I am analyzing this correctly. We are considering doing a JV flip and would reinvest funds. I wanted to make sure I am looking at the tax implications correctly. This would b...
Bobby Brown
Do you have to issue 1099s for work done on a rental
My wife and I were told that we must issue 1099s for any work that is done by independent contractors over $600 or we may be fined by the IRS (~$100-$600). We so often find a big push back when you request to do this...