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9 April 2024 | 64 replies
The narrative is now whether the Fed has to increase this year or not as their own fake employment number is dropping and inflation is at middle 3 still
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5 April 2024 | 43 replies
Nothing containedherein shall obligate the Agent to employ counsel to represent the Owner in any such proceeding or suit.
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5 April 2024 | 8 replies
I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.
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5 April 2024 | 9 replies
If you have nothing helpful to add, please avoid posting.What I am asking is if paying myself payroll and also taking profit distributions that are not subject to self-employment tax still applies if I am paying myself out of the Disregarded LLC and not the S-Corp directly.
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5 April 2024 | 5 replies
@Jake JohnsonDon’t have two - too much work and confusion - add it to your existing (note: assuming your employer doesn’t care or you work in a competing type of business)
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5 April 2024 | 2 replies
I ask because I don't see many listings online that don't include much detail...and wondering if I should.All 18+ applicants must complete the application and pay the application fee.Credit score of 700+, No bills in collection.Steady employment or other acceptable source of regular income for 3+ years.Gross monthly income at least 3.5 times the monthly rental rate.Monthly payment Debt-to-gross-income ratio no higher than 40%.
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5 April 2024 | 10 replies
You need two years of income history or recent college degree with employment, and about 4% cash of the sales price in checking/savings for 1-2 units.
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5 April 2024 | 13 replies
Not to get off topic here but I find many members of the BP community spend more money and time creating complexed webs of entities than my former employer who owned over a billion dollars worth of real estate.
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5 April 2024 | 3 replies
If you're really just getting started and you are trying to narrow down a list of potential markets, there are numerous publications that provide reports on everything from employment to housing to trends to major changes within cities, etc.
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5 April 2024 | 4 replies
When my employer closed up shop I was probably the only person that didn’t care.