Jabriel Porter
Filing as a LLC or S corp
I'm a local wholesaler in the Metro Atlanta area. I currently registered my LLC in Georgia. My question is should I file taxes as a LLC or as a S-Corp? From my understanding I believe I would save money filing as a...
Mike S.
PA VRBO Taxes - How do you pay them?
Anyone have any suggestions on how to pay VRBO taxes in PA? Just started hosting and I'm collecting tax. How and what is the process to pay this tax?
Emmit Giddings
401K Solo for Rentals
I am using my 401Ks to flip currently. I am closing on flip in two weeks and want to purchase rental properties VS flipping in plan. Should I buy a couple of rental properties out right, or should I use money for down...
Jeffrey Vanicky
LLC formation and growth while protecting personal assets
Unfortunately I have no experience and limited knowledge in this field so if you looking for me to explain I am sorry. While listening to the bigger pockets podcast on my drives to and from work, I realized I jumped i...
Erin Mullaney
Our accountant ghosted us
I found an accountant in 2017 after I started contracting (leaving my W2 job to work for myself). He was FANTASTIC: he spent hours on the phone with me and answered all my questions. I gave him 5 stars on Thumbtack. H...
Klyde Waggsdale
Property has negative cash flow, but.....
I am looking at a property that has a negative cash flow, but the tax savings through deducting my losses and depreciation more than make up for the negative cash flow. The property is also being sold at a deep d...
Shane Haas
Buying a forclosure cash with help from parents, then financing. Any complications?
Looking at purchasing a foreclosure cash (with help from parents), and then financing the home shortly after renovations are made. 3 questions: Are their issues with them giving me funds to assist with purchase? Will...
Lane Kawaoka
Why investing in 401K sucks and why you should pull out???
Looking to round out an argument for loved ones. Please give me some feedback???Back when our moms and dads were starting with their career, their investments are centered on having a secured future – have their own h...
Shelby Willitts
Has anyone used a self-directed IRA?
I am thinking of transferring funds from my Simple IRA to a self-directed real estate IRA. Wondering if anyone has done this and how difficult is it?
Account Closed
Texas Prop. Tax; No State tax?
I've heard some stories on the Texas Prop. Tax almost being twice as much as CA. Is this indeed still true? (2.9%)
However, Texas does not have State Tax. How does this impact the higher Property Tax rate in conjunct...