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31 May 2024 | 25 replies
Fast forward to now, a fresh 24-year-old, recently booted from my cushy W-2 job paying $80k/year, left to ponder the meaning of life and the potential of my bank account.Now, I find myself in the trenches of self-employment at my buddy's small business lending firm, with a 1099 in one hand and $75k in student loan debt in the other.
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30 May 2024 | 4 replies
In all honestly in your situation, I wouldn't put any money into real estate until securing stable employment.
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29 May 2024 | 4 replies
The LLC has no impact on the effective tax rates.Also if you acquire a property for the purpose of flipping, that will always be Ordinary Income, also likely subject to self-employment taxes.That particular sales event has no impact on the taxation of your normal rental income from other properties.
30 May 2024 | 3 replies
Population is growing aggressively and jobs are moving here especially with major employers like Intel, Google, Amazon, Nationwide, etc.
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29 May 2024 | 3 replies
Also something I am wondering is would I need to provide proof of employment in the state I’m trying to move into?
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29 May 2024 | 0 replies
In our whole-tailing deals, we employ a double closing strategy, which distinguishes us from regular assignments.
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29 May 2024 | 0 replies
In our whole-tailing deals, we employ a double closing strategy, which distinguishes us from regular assignments.
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29 May 2024 | 7 replies
So if you are employed full time, thats 2,000 hours per year.
29 May 2024 | 2 replies
My only suggestion with Zillow is to TRIPLE check the persons Identity (Have them show you their driver license during a showing), Call their last landlord, and call their employer.
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30 May 2024 | 17 replies
However particularly for high revenue or six figure producing properties, operators can theoretically employ a full time and designated manger for a lower total cost.