Any high performing agents choose to be taxed as an S-corp??? I heard its expensive to manage and you have to do payroll and bookkeeping.
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
I live in Orlando Fl, and currently building my team to start flipping houses. I currently have a full time job but I would eventually like to do real estate investing full time. Now I have a general contractor and po...
Would be EXTREMELY appreciative of advice.
I am currently looking to buy a SFH as my personal residence (to be made a future rental property once I move out). This is a 3BR/2BA house selling for for 550k. Even if I w...
Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due...
Here's a report from CNN Money on flipping houses that continues the trend of media and government negativity on the housing situation:
House Flipping
Pay special attention to the reporter's remarks about flipping pl...