Good evening BP community!I recently started doing business as a RE investor and I would like to hear from other investors out there your thoughts about filing taxes as an LLC vs an S-Corp. Taking in consideration tha...
I received a tip from a friend that taking my properties and incorporating them into a c corporation is the best tax structure for me. I've got a full time job and, for now, the rentals are supplemental income/retire...
Hello BP Community,I am in the process of scaling my business and am looking for wholesalers and bird dogs to work with. I would prefer experienced wholesalers, but newbies are welcome as well. I am also looking to wo...
I've got an LLC taxed as a partnership with one additional partner. Renting real estate is the only business activity the LLC does. I'm looking ahead to Form 1065 and the associated Form 8825. Although we track exp...
I think I originally posted this in the wrong forum so I am posting it again here.
From the initial training I have had, I understand that it is best to have multiple corporations set up for individual strategies. One...
Hello all BigPockets!This may sound straightforward to most but I would like to know being a Canadian Citizen, if i wholesale (assign) deals in US using my US Based LLC, are their going to be any tax liabilities arisi...
I am trying to start an S-Corp and have a few questions.
My very first step in the process is to fill out an SS-4
Question 1.
"Legal name of entity (or individual) for whom the EIN is being requested"
For this, sh...
Hey BP!
I have a 6 unit property that has a parking lot. I plan to have the parking lot plowed. Do I need to shovel the "sidewalks" from the parking lot to the individual unit or could I incorporate that into the...
Hello,I'm part of a group of three individuals looking into purchasing a buy and hold property, in a college town that will be rented to college students. We plan to contribute equal capital to the investment, and rei...
I recently bought a duplex and will be fixing them up and living in one side while renting the other. From those who have done this before or otherwise have knowledge on the matter, should I hold this property as an i...