Michael Plaks
No, partners cannot be compensated with a W2 salary
After answering this Q for the 100th client, I decided to make the answer public. The situation: You are one of the two partners, and you work pretty much full-time as the project manager for the company. Your partner...
Curt Smith
Looking for Web based accounting for many rentals? Wave?
We don't want to start accounting on a PC based package like quick books. I know there's QB web. But there's ALOT of web based choices today. A few come up when you google"freshbooks vs"Someone suggested Freshbooks...
Matt Lockwood
minority partner in employers LLCs for builds, W2 or 1099 ?
Hi all,Just graduated college and I'm getting my start in REI in San Carlos, Redwood City, and the general Bay Area in CA. I'll be employed as a foreman on our construction sites building spec homes. Im getting paid o...
Mike Sebastian
Owning a Business AND Investing in Real Estate
Hi all, I own a moderately successful ad agency managing Facebook and Google ads for ecommerce companies. I have also started investing in Real Estate and am really enjoying learning here on BP. I'm curious if anyone ...
Thomas Gutierrez
Any experience with getting a HELOC through figure.com
So I’m having trouble with getting a HELOC on a rental property I recently purchased. I have been approved to get one on Figure.com has anyone had any experience using them?
Rachel Murphy
What forms do I have to fill out for my minor kids?
So I have been getting conflicting info about what IRS forms I need to fill out for my minor kids who work in our business. They are 15 and 17 and do landscaping, pressure washing, construction. They are the only paid...
Fermin G.
S Corp Employed and Obtaining Mortagegs
Good afternoon, if we form an S Corp and start paying ourselves a salary out of the S Corp will that be satisfactory for the banks when they want to see consistent pay stubs and W2's. Will the formation of an S Corp ...
Robby Sanchez
multi famiy underwriting techniques
Hey everyone, me again, I am practicing underwriting MF deals and came up with a few questions (I am sure there will be more). -when figuring rules of thumb regarding payroll cost per employee/position or things like ...
Jamil Hossain
bussiness books
Nashville or Tennessee investors. Any recommendation on any books, articles or blog about how to run a small business? I understand the basics, however I want to make sure I am doing everything correctly. For example ...
Jesse Hodges
How to structure our LLC
My wife and I want to create a real estate LLC . What are the pros and cons of creating it as equal partners verses one of us as the sole prioritor and the other being an employee?