I'm setting up a new partnership for the purpose of wholesaling. I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipa...
hey guys -- here's one: - I live in a multi unit property (4 units) and would love to make an offer to acquire it from my landlord / owner- I have a single owner S Corp that does well, I pay myself a reasonable W2 sal...
Hello,I hope this is the right thread to post this in. To give a little backstory, I am 22 years old, I work as an account executive in a sales start-up and have consistently done well but I am frustrated by the lack ...
First time investor. I have found a nice 100K house (3 bed 1 bath) in good shape that would rent for 1200 plus utilities, in my area. Currently, I would not be able to put the 25% down that the bank would require. Wou...
I would like to have in-house management eventually but I can’t make the number work.It’s always cheaper for me to hire a property management company unless I’m making $10+ million in revenue or something like that.Ho...
I have just gone into contract on my latest flip and will be making nice profit of around $350K! This is our largest profit yet and wanting some input on ways to save on taxes. We have a CPA but looking for other idea...
Hi everyone. this forum is very helpful, I've been reading and learning a lot.
I'm in the process of looking to buy my first flip all cash.
From my understanding, it's best to form an LLC with S-corp tax...
Which degree would provide better job outlook and higher pay in the years to come?
A question that may have been come up many times before but I will ask it anyway, what’s the best strategy to be considered as RE professional for tax purposes while maintaining a full time W2 income. Just to provide ...
Hi, I did put it under off-topic as the entity I am talking about is not related to RealEstate. ( however the question may be valid for those in RE too). I am owner and single employee of an S Corp. I need to take s...