Re:In January, there were more real-estate agents than homes...
by testesttest on Monday March 22, 2021 @06:48PM
(#26548448)
> You get taxed on it according to your highest rate bracket.
Why would you personally own the property as opposed to putting it under an LLC or Corp? You would still have to pay taxes on personal income but it offers a lot more options on how to recieve the income and handle expenses.
Re:In January, there were more real-estate agents than homes...
by o-__-o on Monday March 22, 2021 @07:59PM
(#26549181)
And you open up your personal assets to liabilities from the property. Not saying itβs not possible, the additional insurance costs usually even out that difference
Why would you personally own the property as opposed to putting it under an LLC or Corp? You would still have to pay taxes on personal income but it offers a lot more options on how to recieve the income and handle expenses.