All Forum Posts by: Joseph Salegna

@Mark S. 

I am working with guaranteed rate right now. In particular with joe mc Breen and Maggie. They are doing a great job so far. And they are licensed in most of the states also. 

@Scott Trench, @Brandon Turner, @Joshua Dorkin

Great podcast the other day. Congrats on the book. Cant wait to read 

@Jim Madden. Welcome. There are plenty of people here that can guide you but you it would be best to consult a CPA that is knowledgeable about this. But long story / short, the income generated is passive and cant be offset against w2 income. You dont necessarily lose the deductions but carried forward until you dispose of the asset. That's the bridged version. but definitely consult someone more qualified. 

Welcome @Alex V.. I'm a fellow wall streeter and new to Bigger pockets as well. PM me if you have any questions along the way and i can share what i have done so far. 

@Caleb Heimsoth I'm curious to hear your opinion if you don't mind. 

@Steven Braun I have been speaking to JWB real estate. I haven't done anything with them yet as I am still doing some diligence but I like what I see so far. 

@Brian Bartalomy  congrats and welcome. 

@Patrick Medeo - Right now i am reading the Book on Rental Property Investing by Brandon Turner and speaking to as many people as i can. 

@Patrick Medeo that's great. Congrats and good luck. I am sort of in the same situation. Here is what i have been doing lately. Research as much as you can on markets whether it's in Philadelphia or out of state. I am the type of person that reads up on as much as possible so that i understand all the risks. I also agree with @Elizabeth Wilson and @Jeff Wallenius. I would consider setting up an LLC (this is what i am doing) or LP but definitely speak to an attorney or CPA as well. There are definitely legal benefits to incorporating but you may run into financing challenges since the LLC isnt seasoned but i'm no expert. You may want to speak with a mortgage broker to run this by him or her as well. PM me if you have any questions.

@Diane Manders hi Diane. I just recently joined and would be interested in exchanging ideas or meeting up. Unfortunately weekend are usually the best for me but open to exchanging ideas