Can I 1099 Myself From My LLC?

Overview of Paying Yourself from an LLC An LLC is a hybrid business structure that combines some features of corporations and sole proprietorships. As an LLC owner, you’ll generally pay yourself through an owner’s draw, transferring the business’s cash to you for personal use. For multi-member LLCs, draws are divided among partners. Payment Methods for … Read more

What Is Flipping in Mortgage?

Property Flipping Property flipping involves purchasing property, increasing its value, and reselling it within a short period. Real estate investors use fix and flip loans for purchasing, improving, and selling properties for profit. These loans consist of purchase funds and rehab funds. FHA Rules: FHA-insured mortgages cannot fund purchases of homes flipped within 90 days. … Read more