You receive a W-2 from an investment banking firm - no need for a company there, earned income.You receive a W-2 from the DJ business now and so you would not want to receive wages or earned income and deposit it into an LLC and report that as SE income and be subject to the SE taxes a second time on the same money and you would not want to deposit it into an S-corp and then be forced to pay yourself W-2 earnings and pay payroll taxes (same as SE tax) for a second time on the same money again.The only question left is the side gigs you do and I would put that on your Sched C income and buy yourself a bond insurance policy which is probably pretty cheap.Joe

we provide commercial financing from 90%-100% from 5million and up on newconstruction,multifamily and assisted living facilitites. nonrecourse loans based on the actual project itself and not the personal credit. bring all referals and earn 6 figures a year with our compensation plans ,just for refering a developer or qualified buyer who wanna purchase or develop.

:woohoo: Keep learning and earning!

The real education and experience is earned on the job.After the first deal, it gets easier and easier.

Anything to put money in my pocket or atleast to earn a free trip.

So I invest in a property for 6 years, pay my mortgage and expenses, roll into a rental for a 1031 5 yr. hold, rent it for a few years and have to reside in it for five years to earn the exemption?

You can earn 10% and give them more than their 10% back.

The day of the auction I had to pay the lien amount and a "high bid premium" This is an extra amount based on your bid that does not earn interest.

If you want to sell, and DON'T NEED or want the money right now, you're only option is to conduct a 1031 exchange.Doing a 1031 assumes that you can find "like kind" investments (does not have to be rental property) that will earn like the AL house does.

If they are really good they will earn more than they cost as they will help you do better deals.