All Forum Posts by: Dustin Awtrey

Thats what i was curious on, i do plan on quitting w2 and flipping and developing new projects full time, but will profit from my rentals still be passive?

i keep reading different articles about active and passive income, you say this will be passive, what would constitute it as active?

@Carl Fischer I have been paying into social security for the past 20 years, wont this account for that?

yes, it will be rental income from a new development I am building and have been working on, lots of sweat equity! thank you for the great info

So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as all these units are brand new and will not need much maintenance. My question is will this be taxed as passive income? and what is the best way to pay myself a salary to live off of? weekly? monthly?

Yes, i forgot to mention that, i plan on having all units leased before refinancing.  Im in an area where good rental units are few and far between, each unit will be a 3bed 2-1/2bath with 1 car garage

I am a general contractor in the process of developing a small multifamily complex, it will be a total of four fourplexes, 16 units total.  The land and all the improvements to the land such as utilities, streets, etc. Will be paid for out of pocket by the time i actually start building, by which that time i will secure construction financing to construct the actual buildings. I guess ill have a note on each building but when all construction is complete, can i refinance and put all four buildings under one note and take out the equity to fund another development?