Kyle Steiner
Corporate Structure / Asset Protection - 1st Flip
Hi Everyone! Hopefully there is a CPA among you for this question.I put my first offer in on a property that I intend to flip. I've read in these forums that it makes the most sense to set up an S-Corp for the purpo...
DeJarian Dickson Graham
Seller wants to donate prop but has clouded title what do I do?
I have a seller who wants to donate a property to me. The only cost I have to incur upfront is $937.00, 3 years in back taxes plus my attorney fees. The property was tax deed sale in 2014 and has been vacant for sev...
David Hackney
Limited Liability Corporation or S CORP
Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...
Cliff H.
New AirBnB host cancellation fees of of up $1k/stay coming 8/22
Any other AirBnB hosts catch the latest AirBnB host cancellation policy update? While it's rare I have to cancel on guests for any of my rentals, it's certainly happened where an Instant Book rolls up where comms look...
Ken Badziak
VA loan appraisal guidelines
Neither myself nor my mortgage broker (with a decade of experience) have come across this issue, so I was hoping someone who actually appraises for the VA can chime in.I'm using a VA loan to purchase my primary reside...
Michael Marston
Why would I not do this deal?
Duplex @ $395/mo. each side.; small ranch @ $375/mo.; another small ranch @ $450/mo. All currently occupied. Tenants pay all utilities - except duplex gas which is paid by LL (approx. $2K per year). Taxes = $2,000.Tha...
John Stifler
Sell Rental and pay off other rental
I have couple rental properties in Atlanta, GA purchased during end of 2021. One of my rental is giving a good profit (almost little over 100K). Both of them has good cash flow. I was thinking of selling a rental and ...
Daniel Alegre
How many FHA or 203K loans can i get?
So i was watching @Brandon Turners 's webinar the other day on financing incredible rental properties the other day, which was great btw. He talked about getting more than 1 FHA loan as long as you live in the previou...
Stephen Michle
Setting up your real estate business
I came across a great article about an accountant who is also a real estate investor. He gives great advice on setting up your real estate investing business. I will have to read it over to really but some pieces t...
Ken Nyczaj
Yearly costs for CPA's
My team and I just met with a CPA firm and were quoted $280/ month for year 2019. This is to handle our salary, distribution, and monthly books. We have elected to be taxed as an S-Corp.Just curious if this is reasona...