How To Create A California LLC (And Why You May Want To Reconsider)Delaware Statutory Trusts, LLCIt doesn’t matter if you’re just starting out or have been investing in real estate for a while; protecting your assets is vital. If you live in California, you might be considering creating an LLC in California to protect your investments. However, not...
4 Tax Benefits of Real Estate InvestingTaxIf you’re a real estate investor, it’s no secret that taxes are an essential part of your business. But did you know there are actually some tax benefits to owning property? That’s right – not only is real estate investing an exciting and...
What Is the Roth IRA 5-Year Rule?Self Directed IRA Business Trust, Self-Directed IRAThe Roth IRA 5-year rule sounds like it is far from the sexiest topic in the world. However, if you invest in a Roth IRA, it’s crucial that you understand it unless you’re cool with paying extra taxes. You’re not? We didn’t think so. Following the 5-year rule when...
Taxes For An LLC: How the IRS Sees Your Limited Liability CompanyLLC, TaxIf you’re a real estate investor, you should be aware of how the tax code and the way you structure your business will affect how much money Uncle Sam takes from your bank account. For example, the IRS has a lot to say about your Limited Liability Company (LLC)...
Lawsuits Are A Plague On Small Businesses—Here’s What You Can DoAsset ProtectionSmall business owners take a lot of risks to be successful. Nothing ventured, nothing gained, right? But risks can create stress. Dealing with difficult customers, and worrying about employees all contribute to the headaches. Even a self-employed real estate investor...
Why Do Independent Contractors Love the S Corps? Short Answer: Lower Taxes!S CorporationIndependent contractors and real estate investors love S corporations (S corps). That because an S corp provides significant advantages over sole proprietorships or traditional corporations—both in terms of limited liability and reduced taxation. Introduction to S...
5 Ways The Self-Employed Can Invest for RetirementSelf-Directed 401k, Self-Directed IRAWhen it comes to being self-employed, it can feel like the deck is stacked against you. Gig workers and independent contractors don’t have the benefit of an employer-sponsored 401k plan or retirement contribution matching program. It can be tough to set aside 15-20%...
How to Calculate Cash-on-Cash Return (And When To Ignore It)Real EstateIn this article, we’ll teach you how to calculate cash-on-cash return—and why it’s one of the most important calculations for real estate investors. Much of the real estate industry, including investors and agents, use this formula (sometimes called the equity...
Selling a Rental Property: 3 Things You Need to KnowReal Estate, TaxThinking about selling a rental property? There are a few things you should know before you do. For one, the capital gains tax on a rental property is much steeper than it is on a primary residence. Also, when it comes to a tenant-occupied property, the process is a...