My wife and I are eager to build multiple streams of income, and we believe real estate investing, particularly in multi-family homes, is a great way to achieve that goal.

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.

IF you have super strong income and you and have a lower 1st lien, lots of equity - MAYBE your best bet is using a local bank or CU to get most competitive HELOC inv terms.

“Wholesaling is passive income!”

Sure, some voucher recipients game the system (years ago, I had a tenant who knew exactly how many hours she could work and how much income she could earn to remain on the program).

Checking: collect all income here, then use it to pay bills.

.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.

We continue to manage properties and generate income from Upstate, NY, while also running a real estate syndication with deals and properties across the entire country.

How long would it take for my STR income to pay for $70k in roof replacement? 

From a tax perspective, the LLC will be a pass-through entity (if a single-member LLC, it remains disregarded for tax purposes), meaning you can still report income on your personal return (Schedule E).