All Forum Posts by: Matthew Ficorilli

Thanks, that was very helpful

I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Thanks in advance BP world!

Yes, a lot of people invest out of state, there's nothing wrong with that. If you need your property sold I work with a number of investors. Also, I'm an agent so that's another possible route to take to sell your house. Message me and we can discuss the details!

The LLC my partner and I have is a 50/50 split with an S-corp, but I'm thinking C-corp maybe the way to go. Thoughts?

Listen to the biggerpockets podcast #12, 21, 31, and 42

Hello Biggerpockets,

My partner and I are beginning our plan for wholesaling. I found some condemned homes that are either owned or controlled by the county. The mailing address of the condemned homes is the county building. Is there a way to buy these properties from the county?

Thanks in advance!

Thanks Steve, that was very helpful.

I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set up, so all of the names on my contracts will be in the LLC. Thanks in advance!

Listen to Podcast #12, #21, and #42. Great marketing wholesaling pieces.