#theREI360show Episode 52: Let's Talk Taxes

Chris and Jason are discussing taxes and things you should keep in mind if you have a real estate business. First they remind you to take care of your basics–making quarterly payments and setting up a retirement account. Then they get into LLCs and ask you to consider if one is right for you; if you are doing a lot of deals, it is usually the best way to keep your personal money separate from money that needs to be used for business expenses. Finally, they talk about income from buy and hold properties versus short term fees.