I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...

How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...

What would be the ways of wholesaling a pre-forclosure?

Is anyone else concerned with the fact that commodities are rising quickly DURING a global recession? Factoring in emerging economies and potential demand with current production capacity, how long will it be before ...

Hi Everyone,

I just returned from an event in regards to "Smart Networking". The speaker specified that before networking you should be an expert in your field so that people feel confident about you and can theref...

I am in NC and been facing a delima and conflicting information. Me and my wife have several investment properties in our personal names. "I" myself am incorporated in NC as an LLC properies management. My wife is not...

Hi, First time buyer of a rental property and this is my first run at the numbers for a duplex. Property is a 2/2 Duplex (1 bath) with a 2 car garage. Currently occupied. Rents and taxes are actual. Asking price is 14...

On my way to church this past Saw a House for sale in Concord NC. This house is a Split level Bungalow House built in the early 1900's. It is 4 bedrooms (possibly a 5th can be created) over 2300sqft. House needs...

hi everybody. my name is Rick. I am currently studying wlo. my main questions are...after new tenant buyer signs assignment, with full disclosure and approval of seller,what happens next? do I need to file that assign...

As an individual owner, do I have to send 1099 to individuals I hired to work on my rental properties?  I know as a Corp or LLC, I do, but no sure as an individual owner if I'm supposed to send them 1099s.Thanks,Azita