If you have a W-2 job where you already max out on the income subject to social security, then the self-employment income taxes on your sideline business will be limited to 2.9% for medicare.If this is the case for you, then it is hardly worth the cost and effort of maintaining a corporation to avoid so little self-employment income tax.

For me, the hood is just not worth it.I know people who are very successful in these types of areas, but they are very hands on and work hard to maintain order.In my opinion, the very low income areas should not be ventured by out of state folks.

i attended my local REIA meeting last night and networked w/ two guys looking to put some cash to work...i asked for any equity partners ...so thats an excellent idea and good starting point however i have no idea on how to approach these guys...i will be speaking w/ them this wk and im trying to get some idea of what to expect one guy says he would want to be an equity partner and just own on the building and not the note for example say i have a $200K 3 family property...if they put down the 50K down payment and have no participation at all in the maintainance or management i was hoping an interest only loan at 10% 5 year balloon and maybe 20% of any appreciation on the purchase price?

How do you maintain a decent standard of living?

Once I buy the tax certificate on a property, does that mean I need to continue to pay the taxes on that property the next tax due date to maintain my position?

1) Thinking about buying Vacant Land in Illinois for around 20-30k, and why Vacant Land is that I don't have to pay as much taxes (cheap to maintain)and so that I can ride this Real Estate Wave.

The work to maintain and repair is not the problem the financing is I would like to get a start but do not know how or what formulas to use to figure out if the unit with have any profit at all.

The agreement is expected to minimize disruptions for loan customers as they will maintain a banking relationship.RTC cometh, dressed as almost anything but the old RTC costume..

Seller does hereby agree to continue to work with Buyer in obtaining any future interest statements, payment statements, mortgage statements, or any other information required by Buyer to maintain Buyer’s records.

While maintaining client confidentiality - I say this a few days after inspecting a 100 unit building that had to be completely evacuated, over a dozen people hospitalized, and now has about $1 million dollars in damage all "allegedly" caused by....1 tenant who "allegedly" put a space heater on a bed and left it.