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23 April 2024 | 5 replies
There are IRS tests determining who is a 1099 vs W2 and then you have your state specific Department of Workers Comp that will have their own definitions of who is an employee and when you would be required to carry Work Comp insurance.To complicate matters there are a few states where the State itself maintains a monopoly on providing Work Comp insurance and the state is the only place to buy work comp (my state is one of those so I can't even sell myself work comp insurance if I wanted to).Here is an article on the three different methodologies the IRS may use to classify someone as W2 vs 1099.https://www.everee.com/blog/irs-independent-contractor-test/If you are really in doubt call your state's work comp office and ask who they define as an employee.
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22 April 2024 | 4 replies
https://www.biggerpockets.com/blog/rookie-372I think they mention investing in a nearby smaller city with more affordability, but great investment indicators.
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22 April 2024 | 9 replies
I wrote a blog post that dives into the powerful combination of assumable loans and house hacking if you want to learn more!
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21 April 2024 | 11 replies
@Kingsley MichelYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseOur analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.
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20 April 2024 | 6 replies
Hi everyone,I'm working on a blog for What To Ask For When Buying A Tenant Occupied Property and here is the list I have so far.
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21 April 2024 | 240 replies
Engelo has appeared on Bigger Pockets' forum posts, podcast and meetups, many other podcasts, blogs, news articles, TV news and his own YouTube channel videos.
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21 April 2024 | 47 replies
I will see your head-scratching and raise you a dire warning of a deep multifamily crash continuing - to the tune of another 20-30% in asset values, perhaps on average, in the US. https://www.biggerpockets.com/blog/multifamily-crash-to-cont...
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19 April 2024 | 4 replies
I'll DM you a blog I did on other great tax strategies I've used for my house hacks in Colorado Springs.
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19 April 2024 | 5 replies
Hi Jose - sharing a link to this article I published last year on BP on all about DSCR Loans https://www.biggerpockets.com/blog/multifamily-dscr-loansI also posted a piece on this (companion to a youtube video on our channel) this week on the Private Lending forum - https://www.biggerpockets.com/forums/49/topics/1184943-multi...Key is how many units you are looking at:In these forums - A common question among real estate investors that want to get into the multifamily investing space is how to get financing.
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20 April 2024 | 26 replies
Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/08/Ultimate_Beginners_Guide_BiggerPockets.pdf3.