Naseera Mohamed
Buying real estate through a company
We are just taking baby steps and God-Willing, closing on our first deal next week. Its a 2-family REO. We would like to form a corporation through which we would like to buy more deals . How do we get started afte...
Josue Guerrero
LLC's - Which provides the most tax benefits?
If I were to form an LLC with a partner, what would be the best route to take as far as tax benefits are concerned. Let's assume our strategy is to focus on the purchasing of distressed properties, fixing them up, and...
John Walter
Corporation vs LLC vs Nothing?
I'm finally getting around to reading the acclaimed 'Rich Dad, Poor Dad' book, as everyone always recommends it. In the book, it discusses starting out establishing a corporation for yourself, as a corporation is noth...
Michael Plaks
Monday Sept 16: the IRS deadline for Partnerships and S-corps!
September 16 deadline (delayed one day since Sept 15 this year is Sunday) applies only to
Partnerships (including some multi-member LLCs) that filed a 6-month extension request on Form 7004 on March 15S-Corporations ...
Philip Bach
New college grad here - RE or corporate life?
So I just graduated from Florida State University with a BS in economics. I've been interviewing for different jobs in sales and I think I've locked down a pretty good gig in Ft. Lauderdale, FL in sales and recrui...
Gil Pang
How are Co-Ops Treated?
Hi BP Community,My wife and i currently own a co op (which we use to live in) but currently vacant. We are in the process of subletting out the co op for rental income. There may come a time where i need to sell the...
Account Closed
New Tax Law - Big Boost for Small Investors
This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...
Shera Gregory
Contributing 100% of salary to SD 401k as ROTH
I have a SD 401k which has an LLC as the plan sponsor. I take distributions from the LLC as the single member. I want to start putting 100% of my distribution into the 401k as a ROTH contribution. If my normal distrib...
George Xu
Best entity to hold properties for high income earners
My wife and I are fortunate to have steady, high-income producing jobs. Our rental real estate portfolio is also starting to produce a decent income. Our properties are currently held in pass-through LLCs which are no...
Brian Goff
LLC Question regarding ownership and income reporting.
I have an LLC structure, but I own a rental held in my personal name. This was done so because of loan type and rate. Can I set up my account with my property manager in my LLC name so that all income and expenses g...