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Updated over 11 years ago on . Most recent reply

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111
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Marie S.
  • Investor
  • Davenport, IA
22
Votes |
111
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How Do You Pay Yourself?

Marie S.
  • Investor
  • Davenport, IA
Posted

So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"

How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate your "property management" time as an expense at the end of the year?

Most Popular Reply

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3,440
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3,644
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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
3,644
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Michael Quarles#1 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Bakersfield, CA
Replied

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