Okay, first let me start off with saying I understand that I should get an attorney and CPA to consult with regarding any legal/tax issues. With that being said, I'm curious how others structure their real estate busi...
Hi all,We are working to secure out first hospitality property. Our thought is to put the real estate and the business in separate companies then draft a lease between them. This would separate liability and different...
Hi guys I need some help structuring or understanding how to run and manage a wholesaling business. My plan is as follows
1.Get llc
2.Build a team (lead manager, acquisition and dispositions managers, cold callers...
A question on depreciation for residential investment properties. When calculating depreciation, the regular schedule is to depreciate the property over 27.5 years. Do I need to separate out personal property (applian...
My business partner and I have an initial meet and greet with an accountant to discuss setting up the business. We just established an LLC and want to discuss tax parameters, financials, cash flow, etc.. We are a yea...
First I set up a passive SDIRA (recommendations?)Then I fund the SDIRA by transfering money from my existing IRAThen I set up an S Corp (Object of S Corp is to flip houses and occasional buy and hold, I will be taking...
Hi everyone my name is Nate, I am in the beginning stages of my RE investing. My first deal is coming fast and I’m looking into businesses structures. I will definitely be choosing a credible CPA to help me with thi...
I am working on starting a wholesaling business and am planning on getting my license while also eventually having a flipping business and rental business. I need someone who can advise on how to properly structure th...
Hi guys,Are there any specific legal structures recommended ? I heard from my accountant about a 2 level holding model.Anyone familiar with that?thanks!
So I currently have one property and pay for everything for that property on a specific debit card or checking account associated with all the repairs and maintenance ect.I was taking to my brother in law who's a fina...