Is it the first 10 years where the growth of income occurs or the age 35 is the magic number.It does seem that most people who make changes to dramatically increase their income as an employee - moving for a job, transitioning into management, completing a degree for a profitable career change - do so in the first 10 years of their career.

@Patrick Barry You actually dont have any ridk, he is financing the whole deal.. no risk nor liability. remember that the word contractor means that you have a contractors license, and if you have employees, then you need insurances. the more accurate description for you is project manager, that means you will just be responsible in hiring subs, estimating and even buying materials to say the least. if thats the route, a regular agreement with only 2 llcs will work fine. just make sure if he doesnt hold up his end of the deal, you hit him with potential profit plus your time and expenses paid. i would suggest "50% of net profit if the property sells - and all expenses needs receipt of proof of payment", OR "$xxxx/week (including, gas time, truck rental or all inclusive) from start of the agreement for 6 months or until end of rehab and this weekly charge is due in 1 year if property doesnt sell."

Ned has a real dog, Bob's dog is cute, but can't pull a keg wagon, looks like the can of beer is missing from Muffy's  harness.

A Solo 401k is not subject to this tax, so if you are self employed without any full time employees, this would be the best plan to research.

Hi all, BECU (Boeing Employee Credit Union) offers HELOC products on rental properties.  

Plus, I had the help of his seasoned team (friends and employees.)

Something changes in their schedule, such as a big job gets awarded to them so they blow off any outstanding estimates they were processing, they lose a key employee so they don't have the man power to pursue the new projects they have looked at so they blow them off.

It is a traditional 401k plan covering only one employee.

Uwe K In Central Indianapolis, Code enforcement employees are paid hourly workers that drive around looking at properties that have been called upon by someone (usually in the neighborhood) normally Code enforcement won't just act on a property if they see a violation during a drive by (too much paper work for them ) they have to focus on the Property in question since a complaint has been filed the paper trail has started then ---- yes you usually get a letter , then if more complaints get filed you as the property owner will start visiting court on a monthly basis ( I can tell you it is a complete nightmare) Until THEY (H&H) deems you have done what they feel is the correct fix for the situation. to give an example in my situation I was order to board up windows on a second floor apartment building (while doing renovations, workers every morning would remove the new boards and re-install them every evening until the work was complete) also lets not forget that these boards had to be painted the same color as the building I have learned that if you get H&H on you should get a listing of ALL violations and get them done asap H&H has a ton of power and have the ability to fine you and in extreme instances seize property.

This was put in a report from a large, well respected financial firm that I got a hold of through an employee.