my partner and i have been talking to a cpa and he told us to start up an s-corp to avoid self employment tax which is at about 15% in minnesota. according to him we would 1) incorporate our business 2) file with secr...
Does anyone have any input on what is better, to go with an LLC or a S corp with sub corps to break up your properties? Before I talk to an attorney I'd like to get real life Landlords opinions?
I currently own rental properties through a Chapter S corp. To add a layer of liability protection, I'd like to transfer or deed my rental properties to separate LLC's and make my Chapter S a management company (for ...
Due to changing circumstances that I (should have but) didn't plan for, I have had to file Chapter 13 to keep my house. The move has put me in a much more stable place financially but of course my credit score will t...
I have an individual interested in applying for a vacant townhome I own, but is asking whether or not a bankruptcy filing will be an automatic 'no' for the application. I haven't dealt with bankruptcies and am only ma...
I recently graduated from high school, at my graduation party I was humbled with many gifts, one of which was a $200 amazon gift card. As I was about to spend the money on clothes or other useless things, I realized t...
Hello
I live in a house that is currently under Chapt 13. Does anyone know how the rent works? Do I still have to pay her since she technically still owns the hosue? I just dont know much about Chapt 13 anyway....
About 4-5 months back, I was notified via constant contact by a local auction company of an upcoming property that I had interest in. 10 days before the auction date, I was notified that the auction had been cancelle...
Question:I'm in a Chapter 13 myself. Is it possible to still wholesale properties? I have an LLC so that's good. But, the property is never in my name; just the contract. And then I essentially have a cash buyer buy ...
Hello everyone. I own 9 lower income rental properties which I bought 6 years ago. It turns out that low income properties are not the way to go and a long story short is that most if not all are under water and not...