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Joined 1 year ago
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Cake day: June 13th, 2023

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  • I have to imagine there are times they come across a bill collector or someone either doesn’t know their job or just doesn’t give a shit and lets them off the hook.

    You’re working at Comcast in the collections department, you’re having a shitty day and an envelope full of legal looking papers comes across your desk saying to void a $300 bill? Fuck it, push the ‘void’ button and on to the next one, who cares.







  • How do you define ‘corporate’ ownership? If you can own 100 properties as an individual, does that count as ‘corporate’?

    It’s how you report the income. A corporation pays corporate tax rate on profit. An individual pays income tax. If someone wants to pay the individual income tax on 100 properties, that’s awesome. 33% over 250k. Corporate tax rate can easily be half of that.

    Plus filing your taxes is waaaaaay easier having a corp hold all the assets and generating revenue, and the individual as an employee who draws a salary. If you’re just an individual with 100 properties and you get audited, you’re in for a bumpy ride trying to pick apart personal vs rental purchases