Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...
Well, closing is set off again on a deal we have been working on for almost three months now. There should be no problems since it's just an insurance assignment to be completed, anyway my son came across a wharehouse...
I created a real estate LLC a few years back. I am financially independent (still creating wealth and living purely with passive income). I am managing 6 properties currently, 4 of my own. 4 in Playa Del Carmen, Me...
I will be doing residential rehab/resells. I now have an equity partner. He puts up the capital, I do all the work, we split the profits 50/50.
I operate through my single owner S-Corp. My equity partner will operate...
Looking to work with an investor-friendly title company that has Spanish-speaking employee(s) on staff to communicate with sellers who may need this. Area is Jefferson Co.
Hey all.. if you had at least 12 to 15 properties scheduled for remodeling/fixup, I am hearing others say they typically take out some sort of builders and general liability insurance to cover things like vandalism, d...
I have two questions: First, what is the difference between an real estate agent and a real estate broker? My second question is if i have a real estate company where i have a sales specialist that will be selling th...
My first deal. I found a 3plex in my Farm area, absent owners, FSBO, good price for the area. I need an expert to walk me through this. Lori
What are the SE Tax implications of adding my spouse to my LLC? Here's my scenario: Right now, all of our income comes from my employment salary, and from investments (rental income from RE and Stocks). My income is...
We received a letter from our tenant (a great tenant so far) and they are concerned about making full rent in Feb as one of them has been furlowed by the govt shutdown. I appreciate their proactive letter and they hav...