Owen Brown
Questions for Arizona purchase
I am a Canadian citizen looking to purchase a rental property in Arizona. I have a couple of lenders that are going to look at it and I do not need a seasoned LLC. I have the following questions I would love some advi...
Stephen Hoskins
Do you think society would be better with a Land Value Tax?
I'm interested in whether any of you think that your country would be better off if it used a Land Value Tax (LVT) to replace income taxes? The basic idea is the income tax is really terrible because it punishes peopl...
Weng L.
Another 10+ financed properties post
Hi all
I searched in BP and found lots of posts talking about how to get new mortgages after you hit 10+ financed properties. However my question is a little different - After hitting 10th conventional financed prope...
Danielle D.
Do I have to be taxed as an SCorp?
Hi All,My CPA is advising that I have my LLC be taxed as an SCorp because I'm an active participant in my fix and flips. To clarify, I have a multiple member LLC (me and my husband). In that LLC, I make some private...
Bob Sackameno
C corp income questions
I have a job where I make good income, I'm in the highest bracket with my regular wages. I'm about to start buying some rental properties and am not excited about the prospect of all of my business earnings being taxe...
Account Closed
how hard is it to get financing with a new corporation in canada?
I've been reading quite a bit about corporation vs personal ownership in canada, and i think corporation makes a lot of sense, especially because i plan on expanding eventually to 100+ doors. the corporation just seem...
Ben C.
S-Corp or LLC for flips?
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
Jonathan Jacobs
How do I acquire my rental property in my S-corp
I own a property in NC and I have a S Corp set up in Nevada. I'd like to acquire the property in under my S-corp to provide me the protection of the corporate vail. Also take advantages of some more tax write offs...
Thomas Breedlove
Should I elect my LLC to be taxed as a corporation?
HI Bigger pockets I'm a newbie here and just starting out. I'm currently try to form an LLC and am going through process now and should I elect to be taxed as an LLC or Corporation? All we will really be doing is the ...
Ryan O.
S-Corp Reasonable Salary
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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