I'm familiar with the two year self-employment income averaging and I'm wondering if this would be different or essentially the same.I'm paying myself a large W-2 from my S-corp which would be good for getting approved.

Hi,Has any OOS investor purchased a house (or MF) off the MLS and successfully used the BRRR method?

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I’m looking to create enough passive income to be able to replace my family’s W-2 income and return to being self employed and then to create more income and create generational wealth and set it up to support my family in the future as I know they do not have the background or knowledge to operate the empire I am developing.

My goal is to be financially free through the small multifamily BRRRR method, owning 5 houses by 2025I'd love to hear your opinions.P.S.

Hi @Stephen,I was just thinking about the implications of this today,  as a  method to add additional working capital.

@Clayton BrayIt appears that your wife has her own business -The difference between having your own business and being an employee is as an employee, the employer is taking out federal taxes, state taxes, social security taxes, medicare taxes as they are earned.There was many tax law changes recently that made those having their own business have friendlier tax laws.

Currently in the process of purchasing a property that i plan on using the BRRR method.

If you like you day job and can acquire properties at a slower pace, then use the BRRRR method to get your investment properties while living below you means to save cash for the next one.

Would anyone be able to shed some light on their preferred method?