I am looking to start investing in multifamily properties.  I have set up my proforma spreadsheet and I am pretty sure the calculations are correct.  When I evaluate properties what are all the expenses associated wit...

I am an investor focused agent in the Orlando area and my business has been growing to the point where I can't do it all myself.  I am considering hiring a full time assistant, maybe someone who is considering getting...

This was a very creative,  insightful and tragic movie. I'm interested to learn from those who have seen it, what impact this movie had on them. For myself it is the fact that only one trader was convicted and went to...

Hey BP community!We recently listed our 1/2 duplex for rent in Orlando, FL and had an open house. During the open house I got a few questions from candidates that I did not have an answer for, hoping the experience in...

In an environment with few defined benefits, zero pensions and crappy 401ks when will we begin to value productive employees?

My sister and I were discussing work ethic. She is salaried and ask t...

Hey BP!

I have been asked by a friend of mine to join him on partnering up on acquiring some deals.  My role in the business would be to be the analysis side of things along with structuring the offers on the purch...

How does everyone pay yourself.. Do you pay yourself a "salary" or do you just take whatever is left after expenses and taxes as "profit" and thats yours to pay your bills and live your life? Also as an LLC or LLC "s-...

I have a manager that works for me for a small base salary and a percentage of rents and flip profits. The pay structure aligns their incentives with mine. This year I would like to hire a handyman to reduce and st...

Hey,

For rental properties is it best to have a standard LLC? and for flips a separate LLC taxed as an S or C Corp?

I have a partner and we are equal owners.

Thanks!

Recently flipped a home in Kissimmee, FL. Made a $65k profit. Unmarried with a salaried income of $38,500. How much should I reasonably expect to pay in state and federal tax? I'd like to set it aside in a money marke...