All Forum Posts by: Paris Jackson

Hello everyone, my name is Paris and I am a new Wholesaler in real estate. How many closes can take place on the same property in one day?

Hi Clerke, you aren't the first high income earner with a fiancé who's a high income earner. There are ways to deal with this situation. Check out a book by an Attorney and CPA authored by Mark Kohler. It's called the Tax and Legal Playbook. In this book Mark Kohler lays out the game plan for succeeding with setting up the right entity that you will use for your ordinary income side. He usually suggests setting up a S-Corp to save on state employment tax and Obama Care. In his book he gives diagrams on how you should position your structure. He talks about putting your rentals in a LLC for asset protection. The Information he gives is so powerful that I am working on applying all of his principles right now. You can also check him out on YouTube. The man knows his stuff! He'll set you straight if you talk to his firm. Tell them what you're trying to do. Tell them your goals and they can absolutely help you. I think that's the best path you should take in regards to getting advice. Get the the advice from a guy who helps people in your dilemma all over the world. I think his website is kkoslawyers.com