Can you buy a lien in the same way you can buy a note? I have someone that wants to sell me their child support lien at a discount. If this is possible would I be able to foreclose on the house if the person doesn’t pay the lien?
If you are considered a "Real Estate Dealer," as I am, your flip earnings will be taxed as ordinary income whether you are an individual, an S Corp or an LLC.
C Corps follow different rules which will usually cost you more money than the previous examples.
There are ways, however, that an LLC or Corp can save you money, but not on the income tax rate.
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Buying a child support lien! Bwahahahaha! That is original. Bwahahahaha!
If you are considered a "Real Estate Dealer," as I am, your flip earnings will be taxed as ordinary income whether you are an individual, an S Corp or an LLC.
C Corps follow different rules which will usually cost you more money than the previous examples.
There are ways, however, that an LLC or Corp can save you money, but not on the income tax rate.
You can save on the self-employment tax.
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Please tell me how someone can get a cash flow in California?
A large down payment.