Tom Server
non LLC , use personal checking account to pay mortgage and bills or open a separate
So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...
Eric M.
New IRS Regs Target Real Estate Investors
FYI, I have no connection with the author of this and no knowledge of this subject. Just on their mailing list and thought I would pass this along.>>>>>>The headline says "real estate investors" but...
Jodey Rifenburg
What can I do with profit to “hide” it from immediate taxes
I have had profitable years in the past and have paid a significant amount in taxes. This year will be more profitable than before and I’m working to gain the knowledge to help me not continue to just stay on this pat...
Peter Sik
paying 10% of repair cost to management company
Want to know is this usual for paying 10% of repair cost to management company for their supervision."A charge for supervision of repairs for a remodel, reconstruct or rebuild will be ten percent (10%) of the total ...
Allan Rosso
Do you need an LLC to report business expenses when filing taxes?
Do you need an LLC to report business expenses when filing taxes?This is a question I have had for a while, have researched and talked to a few people about it, but I can't seem to get a straight answer on. I even con...
Paul M. DeAngelis
Investing into the Laundromat Business
There has been a lot of buzz lately regarding the investment into an interesting asset class - laundromats.I would love to offer some expertise as I have been in the industry for a while and have learned a lot of the ...
Dan Vleck
Expensing repairs for 7th rental
According to NOLO you can expense the repairs for houses after you have an established business. Whenever I see the topic discussed, however, people say you need to add the repair costs to the cost basis of the house...
Larry Flanagan
What is this restaurant business worth?
I'm looking at buying an established restaurant franchise that has been around for 6 years. There is a well-compensated manager in place who handles day to day operations. Owner is absentee and has weekly conference...
Toby Bounnarpha
I'm trying to understand how to do wholesaling legally?
Should I talk to my attorney before I talk to the seller?
What information should I bring to my attorney, after I get a deal or before a deal?
Should I find an attorney before I start making deals?
Should I assign...
Tony Lin
Starting a company/LLC for passive investment, overkill?
I'm planning to get involved in a few apartment syndications as a passive investor, potentially doing a small apartment myself few years down the road if I learn enough. Is it necessary to form a company or do an LLC ...