I'm not a CPA nor do I play one on TV but if I had to guess, with no LLC, and $50k W2 job, all $40k would be subject to SE.

The workshops cover various subjects from financing, wholesaling,, estimating repairs etc.Dallas Real Estate Investors Group http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

@William Howley,If you have an active income business, and if the business makes enough money, the S-corp election lets you pay yourself a salary on which the payroll taxes will be assessed with the balance of the LLC income just subject to income taxes but not the payroll taxes.

I engages in hundreds of discussions here on the BP forum on the subject of self-directed investing (which is area of my expertise) and almost all of them people are asking questions, want to learn more, etc.

Teach them to make offers for you subject to your inspection.....let auto pilot investing work for you, (make sure you respect them and pay them a fee for their research......don't be cheap!)

No way to predict that kind of disaster nor its impact.In Calif, we have exposure to earthquakes, even more than you at the upper end of the Cascades, and frequently have to deal with seismic certifications. 

I've been hearing and reading about buying subject to the existing financing.

They have been their 40 years but still own 167k on the first mortgage, 14k on the second, The ARV is around 215-220 (subject to change since I only did a quick Zillow Search) She said she talked to the bank and they would look at doing a short sale but she needs cash to get him out she sound like she is in a real bind and wants to move fastI explained to her we would probably need to come in under 100k to make this work and most CFD people are just looking to buy house when the have little money or bad credit but they would have to agree on a selling price, which in the condition would probably be less than what they owe..Do I have any option I can provide her?

Greetings BP Fam,If any agents in MD have done lease options or subject to/wrap around deals, please share your experience.Thanks in advance!

Most of the online classes require frequent authentication to note that you are spending the required time on the material so audiobooks may not be an option.