The Tax and Legal Side of Renatus

[Brad Jacobson]

Hi BP Network,

I'm new to the RE world but have really caught the fire.  I've started house hacking and I'm currently working on my first flip.  I adore BP.

Recently I was approached by a long-time Renatus member.  He really is a great guy and I don't fear the scam that many complain about but I feel strongly that whatever education they can provide (from $2-20k) can be found on BP and in other RE books for much less.  I'd much rather put my savings toward a deal or my own mortgage.  Nevertheless I see the referral side of the company as a great potential to have my own business and take advantage of the tax write-offs.  Working with the Renatus network as a actual side-job could be very advantageous from a tax standpoint right?

What are you opinions on the tax and legal strategies of Renatus?  Are they worth buying into the program?  

[Basit Siddiqi]

@Brad Jacobson

If you obtain income for referral - you will be issued a 1099.
The net income(gross after expenses) will be subject to federal tax, state taxes and self-employment taxes.

Expenses that are deductible are ordinary and necessary expenses required to obtain new recruits.

Renatus may issue some tax and legal strategies...but I am sure those are the same items that you can obtain here on BP for free.