All Forum Posts by: Paul C.

Hello BP Team!

I have a couple rentals that I'm trying to get into an LLC and I'm unclear if I should do sole proprietorship or s corp. If it's only 2 properties and I manage them. What's the best route? Also I hear how people can hire their kids and pay them to do tasks without going the W2 route if you pay them less than 13,500k per year.

Is this true and how to do people usually pay them straight from the corp to their bank account? Or not feasible under these?

Thank you for all of your help!

@Ravinell Wilson Thank you some exact zip codes for me to research in. I really appreciate it!

@Kiera Underwood Thank you Kiera. I will definitely do some research in OKC as well!

@Tom Ott Thank you!

@James Wise Thank you so much James, I really appreciate how you pointed out some other places for me to research in and some guidance on what to be aware of!

@Ben Halabi Thank you for a starting point Ben. I really appreciate it.

Hello my new BP friends,

First of all, I would like to start off by saying what an amazing community bigger pockets is to hang around at. I am a new investor seeking some advice. I do have experience renting out and managing my parents old home; however, I just jumped in it without any prior research or knowledge about rental property investing. So far I am glad that my parents had trust and faith in me in doing so. After seeing the monthly cash flow, I have decided to jump into the world of real estate investing.

So far I have read the book about rental property investing, written by @BrandonTurner and have done research online. Also, a shout out to Brandon for writing such a great book for beginner investors like me and giving us hope and encouragement.

I currently have around 50k to invest into a rental property. However, it looks like I will need more liquid capital for a newer first time rental around my area; a little nervous about buying an older property to jump into. Thus, I have been looking at out of state rental property investing, particularly in Cleveland and Milwaukee. I was hoping for guidance and advice from my new bigger pocket community friends to help guide me in the right direction.

Thank you so much for those who took the time to read my very first post on BP! I really appreciate it!