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30 September 2024 | 1 reply
Good mixture of travelers for the hospital systems, university, state workers and employers like GM.
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2 October 2024 | 25 replies
Since Friday I have been mostly occupied with trying to help my old employer get crucial services back up and running in Asheville.
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30 September 2024 | 8 replies
Absent that, the big differences will be which forms you report the income, your ability to deduct business expenses against the income, and applicability of self-employment taxes.
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25 September 2024 | 9 replies
One accountant said it’s not subject to self employment tax since it’s considered passive (but origination fees and other loan income fees are subject to it.
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3 October 2024 | 14 replies
This is ideal for investors with multiple properties or self-employed individuals, as it allows them to qualify based on the cash flow of the asset rather than personal tax returns or W-2s.2.
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30 September 2024 | 10 replies
Some will list major employers, but often none of the residents work for any of those employers and likely never will due to income or location.
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3 October 2024 | 23 replies
We pay a percentage to our brokerages, have marketing and education expenses, and are self employed so we pay for our health insurance, gas, etc.
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30 September 2024 | 8 replies
@Natalie Johnstone My former employer who was a privately traded company that owned over a billion dollars of real estate and had an ancillary management business with revenues that exceeded $100M annually would sometimes form entities in Delaware because business cases are tried in front of a judge w/o a Jury and case law that's applied to decisions is very well developed in the State.
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27 September 2024 | 18 replies
Perhaps the conventional 5% down, but since I am self-employed and write everything off, I am being told that I would still need to put down 20% and provide a year's worth of bank statements to satisfy the underwriter.My question for the community is: does anyone have any ideas on how I might structure my first deal to acquire property number one?
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29 September 2024 | 6 replies
Determine a goal you’d like to work toward financially, is it “financial freedom” (whatever that means to you), buying a business, becoming self employed, becoming a full time real estate investor, having enough cash for your kids college education, having enough to retire, becoming a centi millionaire, etc.3.