Message from @jman

Discord ID: 509711818982293524


2018-11-07 12:50:12 UTC  

it all shakes out the same

2018-11-07 12:50:17 UTC  

we have a couple s corps as well

Start a rental mgmt S corp

charge "fees"

2018-11-07 12:50:33 UTC  

yea, thats the property management, co

2018-11-07 12:50:42 UTC  

Honestly, the new tax laws make the C Corp the best way imo. Just keep it in your Corp.

biggest tax burden

2018-11-07 12:51:09 UTC  

No I know but the tax rate on Corp is Dick.

2018-11-07 12:51:31 UTC  

rental income is treated differently

2018-11-07 12:51:52 UTC  

I’m in a height state income tax state so it works here. Don’t know CT tax law.

jam im gonna only tell you this once

2018-11-07 12:52:02 UTC  

but yea, when I sell, if there was to be major gain, some of that would play. Tax law is concerned with profit though

take an equity loan out on your property

2018-11-07 12:52:07 UTC  

totally not the issue here

have renters pay cash

deposit less than 5k per month

whats left over is yours to spread

2018-11-07 12:52:31 UTC  

Ron are you Russian?😂

equity loan is your wash machine

2018-11-07 12:52:47 UTC  

yea man, i dont pay taxes. asset stealthing is the name of the contractors game

bank doesnt care as long as you make the payments

2018-11-07 12:53:08 UTC  

2.5% I pay on 190k.

2018-11-07 12:53:14 UTC  

pretty gold, in that regard

pssssh then you good vro

dont let it get appraised for over 250 tho

2018-11-07 12:53:38 UTC  

im not. property value is property value

then you cant do 1031 exchange

2018-11-07 12:54:12 UTC  

housing market is housing market. I want out. I need out. there is no work worth doing here any longer. no one builds. no one improves

take a loss with either S Corp and funnel equity loan gains back into it via shared depotis in cash

Banks never check savings accounts

2018-11-07 12:54:55 UTC  

then bankrupt the corp, lol?

You exchange the asset for lower then appraised value, mark down the loss, take equity loan out on it

2018-11-07 12:55:35 UTC  

nvm. its cool man, Im not gonna go crazy here, just wanna sell out and leave

renters pay more thann the payments

2018-11-07 12:56:01 UTC  

yea, if I kept renting both id probably be fine

2018-11-07 12:56:10 UTC  

though, at some point, even renters are hard to come by

Cash is king

2018-11-07 12:56:16 UTC  

cash is king

Id even consider selling your personal home to the other S corp as a rental