We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

Hey Wes, My business partner and I are investors/agents/wholesalers in Phoenix.

I would greatly appreciate any guidance or advice starting off with this business model.

Hey everyone,Recently I expanded my business to NC Triad area.

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity.

Almost any business you look at has its own gurus and scammers.

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!

We have built a very similar business here in Austin.