not without the house, lol

Put your personal home in another S corp

its in an scorp

Mark down the "losses"

Yes! Listen to Ron!

🆙 | **S0NS0FLIBERTY USA leveled up!**

they're actually both in a property holding llc

👏🏻👏🏻👏🏻

ive been in it a while kids.

Problem with an LLC is profits go to employees

waking up to an instant 40k reduction in value over the two houses your trying to sell is still a boninc

S corp gives you more flexbility

there are no employees

two officers

my dad and I\

then if your transferring real estate you can o a 1031 exchange

it all shakes out the same

we have a couple s corps as well

Start a rental mgmt S corp

charge "fees"

yea, thats the property management, co

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

Ew C corp

biggest tax burden

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

rental income is treated differently

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

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

totally not the issue here

have renters pay cash

deposit less than 5k per month

whats left over is yours to spread

Ron are you Russian?😂

equity loan is your wash machine

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

2.5% I pay on 190k.

pretty gold, in that regard

pssssh then you good vro