All Forum Posts by: Raymond Hill

@Dell Epps Thank you for responding.

So the premise the Accountant was telling me and my partner was, It is not necessarily in our favor to jump into the S Corp. He was saying that initially we have no capital coming into the entity from the 3 of us as we are developing Hard Money Lenders and Private Money Lenders. He continued stating, the LLC partnership would be suitable and protect us as well as the S-Corp. Then once the business expands then we can have the conversation to upscale and account for the nuances of the S-Corp. Indicating that the LLC Partnership is a lot less structured and hassle-less vs S-Corp. My thing was getting around the Self Employment tax

@J Scott So my situation is the following. 

I have two other business partners. One that is here with me in RI the other lives in D.C. We plan to rehab and flip properties and wholesale properties. Once we gather more capitals we will buy and hold properties. We considering the S Corp because of the self employment tax benefits in terms of K Distribution and Salary vs being an LLC that is subject to that tax.

@J Scott Thank you for the response.

Now is it better to start off as a S Corp? I spoke to a few lawyers and accountants and they said that it is better to start as a LLC Partnership vs starting a S Corp because you need a lot more capital.

Hello everyone.

So this year I have made profits as a real estate Agent. I was wondering what is the taxes I have to pay on the money I have earned for 2016 I made under $10,000 and would like to know the tax implications or direct me to understand the tax implications I fall under

Hello everyone,

So my business partners and I are thinking of starting an S Corp vs an LLC that can be taxed as an S corp. I just wanted to ask what are some of the benfits tax wise and if someone can send me a contact to a CPA that specializes in Real Estate Investments.

Hello everyone, 

My business partners and I are trying to find the best avenue to go down in terms of forming an LLC or an S Corp. One of my business partners lives in Washington D.C. while me and another business partner is in RI. We plan on splitting everything into thirds and would like to know what the best route is to start our flipping business. And if we were to start a buy and hold rental properties

I and my team want to begin trying the housing flip and whoesaling in RI. What is the process, what are the steps. We are reading and researching at this time and we want to know where do we begin. What is the process from beginning to end for flipping and wholesaling. In addition, we are joining our first REIA January 19th which we are looking forward it.

Hey Everyone

So my business partners and I want to get into the flipping homes, and investment properties aspect to generate profits. I am a real estate agent as well and truly love what I do. Is there any investors that know what's the best way to start to find investors in my area. I truly would like anyones opinion on ways to start and put your best foot forward.

My friend GO FOR IT!!!!! Get your license while your in college. You are majoring in Marketing which is basically a marriage into Real Estate to earning profits down the line if you master to the marketing aspect and learn the real estate portion to becoming a great agent. You will be amazing look out OHIO

Thank you so much, now do you use any CRM system or lead generation tools?