Jason Landry
Can I pay myself for snow removal, yard work, and other jobs?
Hello, I am new to the rental property arena. Currently have one duplex with aspirations to buy more in the near future. To minimize expenses I am doing light jobs at the property. Snow removal, mowing, painting, e...
James Mckinnon
Business Structure & Maximizing Tax Advantages
Hello Everyone,I am a new real estate investor. I just bought my first short term rental in Pigeon Forge, TN. Things are going great but I have a couple questions on business structure and maximizing tax advantages.Th...
Melody Dodderer
Are Real Estate Agents "Self-employed?"
I'm a small business owner and as such, I am having a somewhat difficult time getting conventional loans. I make enough income, but because the banks see being self-employed as complicated income, it is more difficult...
Joseph A.
Having trouble accessing equity in a property
I have a property that I own free and clear and would like to do a cash out refinance. I have a unique situation that I'm having issues with. I have lenders willing to do a cash out refinance but I don't have W2 incom...
Michelle R.
Use real estate profit to fund 401k / retirement account
My brother and I own together a few LLCs which generate 200k to 300k profit after expenses, per year. These are for commercial real estate we own. We have been passing this profit to ourselves as a K-1 distribution. W...
Bradley Nuse
Is AirBNB, VRBO, etc considered rental income?
Hello fellow investors. I'm still wrapping my head around the how much information there forums have and the wealth of knowledge there is. Being a newbie, I have tons of questions and have learned a lot, however I w...
Emmett Gorman
Taxes for Rental Income
This year, I purchased my first three rental properties, have a question about the taxes on that income.With this new source of income, do I need to be contributing to the taxes due throughout the year similar to how...
Tom R.
long distance applicants
I just received an inquiry to rent my house. The thing is the applicant is from over 130 miles away so he must be starting a new job. He claims to have a 600 credit core and make $100K.
One of my rules is to require ...
Cheng Zhou
Doing market research with Chat GPT, using Atlanta as an example
Hey folks, I want to share my experience using Chat GPT to help you do efficient market research. Some tips to keep in mind when using Chat GPT:1. ask specific questions, with guidance on what data points do you expec...
Adam A.
Solo 401K vs. ROBS
Greetings,After browsing and reading BP I still don't a clear idea which route to go. In my situation, my wife will be a retired teacher by June 1ST @ 52. She has 403b and 401a plans which she can rollover from VALIC...