Real Estate Invesors Union

[Alissa Sabbe]

My husband and I are relatively new to the investing world and we are just getting our feet wet. We have a four-plex and two single family rental homes, all are fully leased and professionally managed and generating great passive income. We know that ultimately we want to do real estate investing full time, however we don’t feel we are there yet. I have some hesitation about going full time. Bigger pockets has been a great resource and a wealth of information! We could not be happier stumbling upon this website. I try to do my research before posting anything as I don’t want questions to be redundant or something that people have talked about already in great detail, however I could not find the answer I was looking for.

One of my hesitations about going full time, among other things, is the loss of our health insurance. My brother is a free lance artist and is associated with a union for contract artists. I was wondering if any sort of union existed for real estate investors? Or an association? Maybe I am just getting a head of myself, I know we still have a ways to go before we get to this point and maybe there are reasonable health care plans available for those who work for themselves? I thought I would shoot it out there anyway and see if anyone has any ideas? Thank you and I appreciate your time.

-Alissa

[Matt Devincenzo]

At our local REIA a well known CPA/atty that has a firm in the area, and works with lots of investors discussed some of this back in Oct. Basically if you end up FT at a REI, his take on it was you can have phenomenal advantages by being able to access healthcare for your business as a group (you and spouse qualify as a group) and deduct the expense. Also you can also fund your own health savings/reimbursement account which you can invest, so you get a tax deduction to invest the money to pay for your healthcare.

Obviously I'm neither a CPA or attorney, so I may not have clearly articulated what was said but you get the point there are advantages for you that W-2 employees don't have.

Also even if none of that was a possibility, healthcare always has been and continues to be available for you to go out and purchase. So then it just becomes a matter of cost, which if you're contemplating making the switch to self employment just make sure that your income supports that expense.