All Forum Posts by: Charlie Gould

@Ashish Acharya

Perfect, that all makes sense, thank you so much Ashish.... 👍😊

I have a W2 job that pays me well.

I am considering selling my investment home using a Contract For Deed.

I will own the home free and clear before I sell it.

Payments I would receive from the CFD would be $600-$700 per month for 10 years.

Is that income taxed at my W2 rate or is there a tax structure that can minimize the taxes that have to be paid on that income.

Thank you... 🙂

Thank you Anthony and Brandon, appreciate the comments...

Thank you Daniel, good advice...

My son's account and attorney both said LLC...

Thanks Ray, that is the same thing my son is hearing as well...

My Son and I are partnering to do RI. 

He is an excellent General Contractor with great credit rating (super smart... :-) )

I have high income, low debt, analytical, detailed and good computer skills.

We both live in Northern NH but I work in Arkansas and commute home to NH every 3 weeks.

I have purchased a RI property in AR and we ware looking to buy in NH.

What type of legal entity should we form? LLC?, ???

Thank you for any replies... :-)

Thanks for the encouragement Ricky...

I just bought my first SFR in PB, we'll see how it goes...

I think it helps that I grew up just South of Detroit... 🙂

Thank you Miss Alishea... 🙂

Jay, 

It really was a jungle... been working on it after work and on weekends for about a month.

Looking a lot better, will probably post have updated photo this weekend.

Anthony,

It is a 4 bedroom, 2 bath with full kitchen, full dining room, full living room and separate sitting room.

What I have been told by Real Estate agent, neighbor and local police officers is $600-$800 per month.