(Listen to the show to find out how to apply if you are a Marketing Expert.)Gary shares the social media tools he uses and tips for how real estate investors can use them, too.

Getting a social media presence is on my list to do, but haven't actually done it yet - I'm interested in possibly doing some pay-per-click Facebook ads too.  

“My daughter's father in law recently asked me if I had your social security number for tax purposes since his construction company wrote you the security deposit check for the apartment.He needs to send you a 1099 form.”Is this correct?

You could then reach out to those people via a whole variety of means (emails, social media, handwritten letters, etc.). 

The Lessor shall not lease or sell the units within fifty (50) feet of Lessee's demising wall to the following users(s): a) Bars, taverns, billiard halls; b) Pawn shops; c) Dance studios or Karate studios; d) Beer or wine-making stores; e) Psychological counseling offices/facilities; f) Unemployment or Social Security offices; g) Liquor stores; h) Tattoo shops/body art/piercing tenants; i) Beauty/Hair Salons, Cosmetology Services, or Nail Salons; j) Gun and Weapon shops; k) Smoke/Tobacco or Vapor/E-Cigarette shops; l) Child Care/Children's gymnasium; m) Dry Cleaning Plant facility; n) Veterinarian/Dog Grooming/Animal Boarding; o) Gym/Workout facility; p) Same day cash/loan shops; q) Massage parlors (except for national chains such as Massage Envy and the like); r) Police substations; s) Military recruiting offices; ort) Any other non-professional use similar to those listed above.

Additionally, I have read about some folks using social media to obtain leads or contact folks.  

My name is Rick Stewart and If you contact me via social media, I can give you court documents and my attorney's information to verify that after THREE MONTHS of receiving zero rent, we had to forcefully evict (unlawful detainer) the tenant that Mario/Bridgehouse screened and moved in.

@James Carlson - While I don't remember the specifics, I read an article early fall of last year that searched several social media platforms that ranked the word "hip" relating to major cities and found Colorado Springs at the #1 spot.

Social Media is a good way to do it. 

Many businesses operate as sole proprietorship.The one thing to be concerned about is if the costs you spent last year were "start-up" expenses. if they are - you may need to accumulate them and expense/amortize them when you "start" the business.If you are in the rental real estate business - it won't necessarily matter whether the income is earned under your name or your wife's name since it will be reported on your joint tax return.If you are generating income that is subject to self-employment taxes(flipping or managing real estate); it may make a difference whether the business under your name or your wife's name.if under Wife's name - you may pay more overall self-employment taxes; however, she will be credited with social security being paid in.If you are unhappy with your CPA - There are many CPA's on BP who work with real estate investors remotely.