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

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  • 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


  • I’ve replaced a lot of my social media time with puzzles. When I have a minute to stop and look at my phone instead of reddit and Facebook I go through wordle, NYTimes crossword mini then Washington Post daily crossword. It usually takes about half an hour to get through those, I don’t really need to be looking at my phone idly for much longer than that in a day