I recently purchased a rental property and formed an LLC, to which I plan to transfer ownership of the home.  Lawyer says this is standard operating procedure, and should be done.  However, lawyer also said that techn...

Hello all,My cousin who lives in Farmington Hills, MI, his house had a major kitchen fire last night. I am in Michigan today to help him with a few things and we will be needing a contractor soon to start working on t...

We have sold our CA rental property & have identified a 6 unit in TX. The 6 unit needs to be put into an LLC. My question is a 1031 ok to do as married couple into an TX LLC. We have been hearing a single entity L...

Have four rentals and one flip under our belt, but I'm afraid we're doing the wrong way as a sole proprietor. Would love to hear thoughts from the group. C-corp, S-corp, LLC on every property, etc........ Would love t...

Hi everyone,For those of you that are full time real estate investors that hire GC's for your rehab projects, are having your contractor complete a W9 and issuing them a 1099's?I have had mixed answers and wanted to h...

I’m looking to do a flip soon and I’m going to do a good amount of the work myself. I have an established handyman business and a separate REI LLC. I would like to account for the labor I will be putting in. So my que...

Hello 401K gurus and Tax Specialists! I have a couple questions I haven't found eslewhere.I'm considering a partnership of some sort with another landscape contractor. We are unsure how to structure the arrangement. I...

I am looking to get my real estate license. What is the normal tax filing you will have to do, W2 or 1099? Does it depend on the state or which real estate company you go through?

After reading on here I was initially thinking LLC taxed as an S corp but My tax guy says just use a sole proprietor with Good Insurance policy. It has the Least start up and yearly maintenance cost and an LLC would n...

I am currently a w2 doctor with a house in town A.  I am planning on moving to town B (90 miles away) and becoming a 1099 doctor (town B is now my primary residence).  I will still likely be doing an outreach clinic i...