All Forum Posts by: Will Barnard

Harrison, Not from Dallas as you know, but have many investments in that area (mostly Fort Worth side).

Great points. I agree.

I am not sure one way or the other in regards to the C-corp, however, I do know that you are rquired to make paychecks, not all income can be derived from dividends. The dividends do provide for a lower tax rate of course, but holding one or two or even 20 properties for long-term only need an LLC. It offers easy set-up, low maintenance, low costs, pass through accounting, liability protection (one way), and much more. There is really no need for complicated business structures for a landlording business, it is not that complicated.

Jeff,

I am from CA, not Chicago, but with technology today, I do not think it is necessary. Perhaps we could work something out. With your background, sounds like you may be able to assist me as well.

The best entity to "hold" property is a LLC. Stay away from the S corp as you will incurr self-employemnt taxes. The LLC is a "pass through" entity and is great for holding rental properties.

Keep in mind that I am not an attorney so you should seek legal advice for confirmation.

Again, you prove to be a valuable source of input for investors here Harrison. Thank you for your post.

Thanks for the reply Aaron. We will leave the sub to for Dave Berens, right!
Hope all is well. Perhaps Michael and I can get together with you soon for lunch.

Will B

Yes,

I am up the 14 on the North East side of Santa Clarita. I can see the smoke and some flames from my backyard on the mountain top to the south, but it is miles and miles from our home. Thank you for your thoughts.
I am soo bummed as I was looking forward to meeting Tim in person, not to mention grubbing on some tasty burgers.
Guess I will have to go to the one down the street from me for that.
Call me from your cell when you are there, perhaps you can place me on speaker and we can talk while you guys are there. I will aslos miss out on kicking butt at Cash Flow. What a bummer!

Also, Josh makes a valid point, assuming your quantity is small (less than 2,500), as you can pay some teenagers to stuff them for you. Cost of $8 an hour or so per person can stuff approx. 300 env. per hour. $8 per 300 = .026 each.

This service can be done at fullfillment companies, bindery service companies and some printing companies have the equipment. The costs vary depending on the quantity. The more you do, the cheaper per item.
I know this as it was my business for over 10 years in the printing industry. I owned and operated a printing company, but outsourced this service as I did not have the equipment for stuffing env.s.