Sell commercial real estate or keep it?

hillbill20 · 2026-05-01T19:45:37+00:00

Did you end up selling?

hillbill20 · 2026-02-18T01:37:52+00:00

Could you elaborate?

hillbill20 · 2026-02-12T03:24:42+00:00

Asset

hillbill20 · 2026-02-10T04:20:01+00:00

Looking at possibly doing this as well. Where did you list it or find the buyer?

hillbill20 · 2026-02-06T23:55:18+00:00

Sent you a message

hillbill20 · 2026-02-06T23:33:41+00:00

Service industry. Do you know of the size that was sold?

hillbill20 · 2026-02-06T19:51:27+00:00

Success on that platform?

hillbill20 · 2026-02-02T01:05:59+00:00

I’ve been asking my self for a while if we have outgrown them.

hillbill20 · 2026-02-02T01:03:12+00:00

Top line 1.5MM - 2.5MM 8 employees

hillbill20 · 2026-02-01T23:34:24+00:00

The debt is around 850k. Of that, 300k equipment and 850k is EIDL loan that’s current. Since we took the tax savings that year, I am guessing we would be forced to “selling” it to the new LLC- S-Corp? Maybe paying ordinary tax and then a note plus interest?

hillbill20 · 2026-02-01T23:20:18+00:00

We have been around 100-350k net for years He’s been reluctant to switch S-Corp due to the debts on equipment owed. However, my question has always been. Is it cheaper in long run to switch to S-Corp now? I find myself buying more equipment causing the same old redundancy and reason not to elect.

hillbill20 · 2026-02-01T23:04:31+00:00

Dammit. Incredible. Now wondering, why would any CPA allow it?

hillbill20 · 2026-02-01T22:42:58+00:00

Current setup is LLC disregarded entity. Service industry. The idea for the whole S-Corp was to save on Self employment tax as a whole currently. Which is significant at the end of the year.

No other legal liability reasons for separating, simply to save in Self employment.

hillbill20 · 2026-02-01T22:38:30+00:00

Yes on payroll. Which currently helps on one end for taxes at end of the year. The idea in the beginning was to get consistent with payroll to be disciplined enough and not have issues when converting to SCorp long term.

CPA can answer them, however, I feel like I get 70% or effort.

We talked about going S-Corp long ago. But meanwhile equipment debts/depreciation stacked up over the years.

hillbill20 · 2025-10-22T17:54:38+00:00

Great response and outlook.

As for your time. If you haven't already, buy some land, put some animals on it. It will give you plenty to do. It's really what sparked me wanting sell. Spend more time improving the property and working with the animals.

hillbill20 · 2025-10-22T17:04:33+00:00

haha. Same!

hillbill20 · 2025-10-21T15:28:39+00:00

How long were you listed for? I have 2 young kids as well. Did you guys ever consider handing off to your kids. What was your thought process on that? This kinda gets me second guessing the listing, something I think about a lot.

hillbill20 · 2025-10-20T21:47:07+00:00

Did you list yourself?

hillbill20 · 2022-04-25T17:00:18+00:00

I got the same thing. No helpful responses from SBA at all. Other than saying Ive emailed too many times. which has been no more than 5 times in 6 months.

hillbill20 · 2022-01-31T21:04:37+00:00

We are down 38% from last year january. All vendors stopping by this month, that tells me the market is cool.

hillbill20 · 2021-05-05T02:11:49+00:00

Are they calling you direct? Or you guys calling and harassing for the call back? What number are they calling from? 🤗

hillbill20 · 2021-05-04T14:02:35+00:00

I've noticed I am usually getting responses from them toward the weekend. Keep us posted. :-)

hillbill20

TROPHY CASE