Jon S.
LLC declare as Partnership or S-Corp?
I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
Matt Stemen
CPA or No CPA that is the question
Hi BP community. I have 4 rental properties currently and wanting to grow the portfolio and take advantage of tax strategies as well. I do not have a CPA currently that will help me as I continue to expand and add mor...
Chris Jackson
Peeps in my Tax Lien Property?!
Hey BP world! Here is probably a common enough question in the world of buying properties at a tax sale: What do I do when there are people living in a property that I buy at the tax sale in Pennsylvania? I haven't...
Nghi Le
Is S-Election Necessary for High W2 Salary
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Shannon Vanderweide
LLC vs Umbrella policy? (Another one of these...)
The dreaded LLC vs Umbrella policy question.. again.. Just to start off, I want to mention that I have read through a hundred or so of these posts on this site already as well. I can't seem to find a local real estate...
Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
Martha Chavarria
Self-Direct Solo 401 (k)
Hi BP family!I've spent months in researching my next move with my 401 (k). I've made the decision that I will rollover my 401 (k) to a self-directed plan which would allow me to start investing in Tax Liens and perha...
Khu Far
Just starting out..how to invest $50-$75K?
I would like to start my REI and not sure how to move forward. I have access to $50-$75K to start. I own my own home for the past 15 years. Have 780+ credit. I am self employed though so not consistent income. I'd li...
Tony Xu
Turnkey Home inspection advice for a newbie
Hello,So I'm in the process of closing on my first turnkey property and just got my home inspection report back. It only listed 1 major issue but a lot of maintenance items, I am not sure what is expected/not expected...
Mary Jay
Are you not afraid to be in debt for 30 years?
Are you guys not afraid to be in debt for 30 years? All three of my houses I bought on a 15 year loans to avoid being in debt. But all three of them have negative cash flow. One is almost paid off so my plan is to sel...