12 September 2019 | 12 replies
While it does address the tax problem, it creates several other problems:your capital is tied for a yearyou become a landlords, with all related headachesthe tenant can destroy the property into which you just poured cash for rehaband moreI wouldn't expect a worker bee w2, self employed, wholesaler or flipper person to relate to the irrational thought of tying up capital for a year.
4 October 2019 | 24 replies
You have something they lack: full-time employment, with other people, who also have money and want to invest in real estate (whether they know it or not).
11 September 2019 | 4 replies
@Jake Williams Just make sure any position you take his W-2s in full time so that you can continue to invest otherwise you were considered self-employed and will take a minimum of two years before you’ll be able to qualify for a traditional loan.
18 September 2019 | 5 replies
I absolutely believe that this is certainly one of the due diligence items you should employ when vetting a sponsor.
13 September 2019 | 16 replies
Qualifying for financial products is much more difficult as a student than actively employed.
24 February 2022 | 18 replies
Morgantown seems to be the only area that's growing, and that growth is heavily dependent on a handful of heathcare employers and the university.
16 September 2019 | 12 replies
Flips are generally taxed as ordinary income subject to self-employment taxes.
25 September 2019 | 3 replies
This would not require you to save for taxes.Having a flip - There many taxes to consider from federal income tax, state income tax and self-employment tax.
4 November 2019 | 6 replies
It didn't need to get this far and as he was having employment issues I was being "nice".
14 September 2019 | 5 replies
You will need employment/income, and if you don't want to wait the 2 years then it'll have to be W2 salary type income or full time hourly.