All Forum Posts by: Sonny Pacheco

@Gayle Melnick

Have you thought about resurfacing the tile and tub? Its a durable epoxy coating that have many choices in colors. Probably around 2 days worth of work. Im sure there are companies in your area you could get free quotes.

Is there a website I can look through to check names for a start up LLC? My lawyer asked for 3 names in case one is already taken. Does anyone have any ideas to naming it in case its similar to another? Something i can add at the end to make it different. Thx.

You are exactly right. He mentioned starting a business that didnt even involve real estate. I was a little confused. So do you suggest moving my properties under a LLC or maybe just get an umbrella policy?

Hello everyone. I know this is a huge topic but i never seem to read something and say...yeah thats my situation. So hopefully i can get some recommendations. So last year i purchased 2 multiplex properties. Didnt know much about real estate and being a landlord. I had talking about it for years just scared to do it. Im in the process of buying my 3rd mutiplex next month. My new CPA recommended me start up a business because my wife and I were "high income earners" which put us in the 28% tax bracket. Should i start up a investment property business LLC and tax it as an S-corp? I want liability coverage and tax benefits. I couldnt write off a lot of my deductions so now they just carry over year to year. I need to do something because if i stay as a sole proprietorship then it will probably kick me into the next tax bracket. Any suggestions will be appreciated. Thank you.