But, this agreement doesn't really deal with the financing per se.

You will also have to file IRS form Schedule SE which is a self-employment tax form.

I haven't paid for any training yet per se, but I am in the process of getting my Real Estate license.

@Dave Carpenter @Javonni Butler Good to see so many SE WI investors on here.Regarding your comments on the insurance, you will want to get a quote on the building to confirm that #. 

My property is currently in SE DC but she said she is open to other areas of the city. 

Properties in the key areas of the city ie BB, SE, BH, Midtown and even The Fenway require almost 25% to 30% down in order to create cash flow and appreciation.  

Hi everyone,

I am new to the site and new to real estate as well. My husband and I closed on our first rental house last month, a 3 unit MF. We are waiting to close on a second 3 unit. Both are currently fully occ...

You can also use this to contribute to a solo 401k and provide yourself other benefits as well.Also what is passed through is not subject to SE tax it is recommend that you pay a reasonable salary or expect an audit.

My relationship is with the mortgage broker, not the institution per se, but its also dependent on my personal info (FICO, income, strength of job, etc..) which is why they would be able to do it.

If you are the high anxiety type consider a lawyer, but if you are willing to put up with the headache you can probably do it yourself(Pro se) If you lose then hire a lawyer and do it again, you can usually do that if you lose because of a technicality like proper notice, service etc.