James Palassis
Paying my own LLC for lawn care?
I currently do the lawn care for 6 of my long term rentals. Would there be any tax advantages for me to create an LLC for lawn care and paying said LLC a fair market wage for lawn care?
I was thinking 6 lawns, $50/l...
Justin Ladouceur
EVADE paying a lot of tax on rentals
Hello,In CanadaSold this triplex for a nice profit. Did my taxes and owe a lot of money.IS there something similar in Canada to section 1031 ? I know of the section 44. But it's n/a . Let me know please ?Thank you
Shawn Choplin
When to file to be taxed as S Corp?
Just created an LLC to do fix and flips through and was strongly considering being taxed as an S Corp to avoid, not evade:), paying the 14 or 15% self employment tax on the dividends above what I'll pay myself as a re...
Anthony Green
Capital Gains tax evasion
Me and my wife have lived in our home for almost about a year and a half. We have gained quite a bit of equity in our home and are wanting to move into a larger home. We have found out that since we haven't lived th...
Anthony Testino
Flipping with Bitcoin
Legal and illegal money. Where do we draw the line or where should the line be drawn for us? I have plenty of friends using money to fund their projects and really, have no idea where the funds are coming from. Lender...
Blake Dailey
HELP - Seller Insists on a Physical Bag of Cash Under the Table
I have a seller insisting that the only way he will sell is with a physical bag of cash ($40k or more) under the table so that he does not have to report that income (in Florida). He wants to seller finance a lesser a...
Cristopher Hanks
Buying a second investment property when I don’t have access to equity from 1st
Greetings,
I currently own one single family home. I have a lot of natural equity built up and I currently have tenants occupying it on a 1 year lease. I am currently living in a separate property I don’t own, just r...
Account Closed
Getting a loan "without" a job?
I am currently working off the books and assume I will be for the next few years. I want to get started and have enough money saved to do so, but will any bank give me a loan with no reported income?
Hank Walter
Tenant Lease Problem
I have a rental that I homestead and rent to my friend, and a friend and his girlfriend. The friend and girlfriend are looking for some apart and she has informed she will be moving out in 1 - 2 months. They were orig...
Lu Carter
Potential Tenant has kept out-of-state DL for 4 yrs
I am screening a woman and her fiance (mid 40's) who have lived in TX for 4 years. So far the information about landlord history and income is normal. On their applications I ask for drivers license number and state...