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27 March 2024 | 4 replies
Your greatest challenge is going to be running this management company without the appearance of co-mingling all of the LLCs together.Bear in mind that one of the things that you'll be doing here is converting Passive Income to Earned Income via the Mgmt Company and that will be subject to self employment tax whereas had you left everything in the property LLCs, you'd have only passive income.
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30 March 2024 | 16 replies
If it were me I'd fix it up to rental quality, no furnishings and rent to the first qualified tenant to apply (3 x the rent gross household income, no history of court with or debt to prior landlords).
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28 March 2024 | 0 replies
I have invested my life savings in real estate to earn a living, save for retirement and build wealth for my family.
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29 March 2024 | 8 replies
They will look to work with small operating companies to get sba loans, but they will want to see two years of income : tax returnsSo if the company is a general contractor then its income / expenses could get it some sba loan but if you are fixing and flipping and are looking to get a mortgage they will look at you not the LLC
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29 March 2024 | 7 replies
HI Hernan,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
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29 March 2024 | 10 replies
If I have to pay taxes on my income, SO DO THEY!
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26 March 2024 | 11 replies
I publish 2 videos per week, and my channel earns me an average of $2,000 per month right now in ad revenue.
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29 March 2024 | 7 replies
You would just have to be able to qualify from a debt to income ratio stand point.
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29 March 2024 | 17 replies
I’m really looking for a good income.