Archive for December, 2011
Thursday 29 December 2011 @ 2:48 pm
Todd B asked:
Do you have to know someone in the company or is it possible to get their business by just calling, should you set appt. or just stop in or call?
Do you have to know someone in the company or is it possible to get their business by just calling, should you set appt. or just stop in or call?
Thursday 29 December 2011 @ 3:58 am
darf05 asked:
im just asking on what are the advantages and disadvantages of starting a business in the real estate industry
im just asking on what are the advantages and disadvantages of starting a business in the real estate industry
Saturday 17 December 2011 @ 3:10 am
bangjay asked:
I am a full time Realtor who’s works more then 750 hours per year in the real estate business. I conduct my real estate business as a PA – Sub Chapter S Corp. I also personally own many residential rental properties. They are all titled and vested in my Revocable Family Trust, except for my personal residence which is in my personal name only. I use depreciation of (27.5 years) from my rental properties, after deducting the land, to offset my ordinary income. Because I own so many properties, I am able to use the deprecation which is greater then my income to offset my ordinary income. With this planning I have paid no income taxes for 20 years. However, when I sell the rental properties, I am required to pay 2 different taxes 1) a recapture of the depreciation, and 2) pay long term cap. gains tax on any profits. This allows me to defer paying ordinary income tax on my income, and I am able to convert this income into a cap. gains tax
rate when I sell the properties. To summarize, this has resulted – I have NOT paid any income taxes in 20 years.
I have however filed tax returns all these years
I am a full time Realtor who’s works more then 750 hours per year in the real estate business. I conduct my real estate business as a PA – Sub Chapter S Corp. I also personally own many residential rental properties. They are all titled and vested in my Revocable Family Trust, except for my personal residence which is in my personal name only. I use depreciation of (27.5 years) from my rental properties, after deducting the land, to offset my ordinary income. Because I own so many properties, I am able to use the deprecation which is greater then my income to offset my ordinary income. With this planning I have paid no income taxes for 20 years. However, when I sell the rental properties, I am required to pay 2 different taxes 1) a recapture of the depreciation, and 2) pay long term cap. gains tax on any profits. This allows me to defer paying ordinary income tax on my income, and I am able to convert this income into a cap. gains tax
rate when I sell the properties. To summarize, this has resulted – I have NOT paid any income taxes in 20 years.
I have however filed tax returns all these years
Thursday 15 December 2011 @ 3:43 pm
inforseeker2008 asked:
im marreid filed jointly i have my working income from my job my wife has hers. we have a wedding business, plus two real estate property rental business, so we need to our income , rental income, depreciation write offs for our condos and deductions. my question is where is the best place on line that i can do my taxes andd efile them?
im marreid filed jointly i have my working income from my job my wife has hers. we have a wedding business, plus two real estate property rental business, so we need to our income , rental income, depreciation write offs for our condos and deductions. my question is where is the best place on line that i can do my taxes andd efile them?
Wednesday 14 December 2011 @ 1:35 am
Tony T asked:
i am opening my own real estate development business. need a name??? I think this is the hardest. live in nYC so would like to incoporate something into it. need somehting that exemplifies strength,power,prestige
i am opening my own real estate development business. need a name??? I think this is the hardest. live in nYC so would like to incoporate something into it. need somehting that exemplifies strength,power,prestige
Saturday 10 December 2011 @ 11:55 am
B asked:
I am about to become a senior and just recently decided to major in Business and Real Estate.Since my last year is coming up rapidly, I was wondering what classes would be best to take and if anybody knew what college would be best for real estate.
I am about to become a senior and just recently decided to major in Business and Real Estate.Since my last year is coming up rapidly, I was wondering what classes would be best to take and if anybody knew what college would be best for real estate.
Thursday 8 December 2011 @ 5:03 pm
david asked:
i really need help. how can i deal in real estate business and still make good money out of it
i really need help. how can i deal in real estate business and still make good money out of it
Tuesday 6 December 2011 @ 2:08 pm
KJOY asked:
I am about to turn 24 and was thinking of becoming a real estate sales agent. With all the problems with the economy right now, do you think this is a bad time to get into the real estate business?
I am about to turn 24 and was thinking of becoming a real estate sales agent. With all the problems with the economy right now, do you think this is a bad time to get into the real estate business?
Saturday 3 December 2011 @ 8:53 am
shammy asked:
Hi. I am interested in possibly having a career in the Real Estate business. I have been told the test is a nightmare. Does anyone have any idea if there is a website that offers a sample of the general test? I understand each state is different but I would like to get a feel for this before I jump off into it. Also does anyone have experience with the online classes? BTW I live in Alabama. Thanks!
Hi. I am interested in possibly having a career in the Real Estate business. I have been told the test is a nightmare. Does anyone have any idea if there is a website that offers a sample of the general test? I understand each state is different but I would like to get a feel for this before I jump off into it. Also does anyone have experience with the online classes? BTW I live in Alabama. Thanks!
Saturday 3 December 2011 @ 6:40 am
quentin w asked:
Does any one know what is involved in a non us citizen or business buying real estate? for example laws, taxes and most importantly the finances. These guys have the money but I guess the proper way to pay for the property is the question. Please only people who know specifically what they talking about should answer. Not tryna be rude but this ques. is not for anyone trying to get points. Thanks.
Does any one know what is involved in a non us citizen or business buying real estate? for example laws, taxes and most importantly the finances. These guys have the money but I guess the proper way to pay for the property is the question. Please only people who know specifically what they talking about should answer. Not tryna be rude but this ques. is not for anyone trying to get points. Thanks.















