Management income is self employment income taxed at ordinary rates plus SE tax unless you are already maxing out your Social Security contributions.

Salem itself isn't rural per se but the surrounding area of Salem county is.

Hi guys,
Does anyone have any recommendations for Real Estate Agents that are well-versed with house flipping and are investor friendly in the Chester County area?

I used to deal with Supreme Lending in SE Florida, not sure how wide spread they are.  

The 2% guidance is good for the SE section of FL(Miami-Dade, Broward, Palm Beach).

Investment Info:

Single-family residence private money loan investment.

Another of my first five investments. I'm working to grow my connections and income to where I can start putting in a lot more as soon ...

I don't think the certificate is necessary, per se.

However if you are using someone else money, your credit will be at risk if you screw up, but at least you will still have whatever your cash.Thanks for the replies everyoneJust to be clear, when you wrote "granted this is not your money per se however it is your equity" - the point to remember is: equity IS a good foundation for obtaining other people's money!

If you are okay with the increased cost and risk, going south into the flood plain isn't a bad area per se.  

Once at least one spouse qualifies as a real estate professional, the couple's rental real property activities are no longer per se passive and the activities are examined for material participation using the collective participation of both spouses.Example.Bob and Sally Smith are both lawyers, each owning a one-half interest in the Smith Law Firm where they both work approximately 800 hours per year.