Justin Gonzalez
What's the pay like?
Hello everyone,
Just a question out of curiosity. Do real estate agents only get paid by commissions or is there a hourly wage/ yearly salary as well?
Mark Forest
How many do this stuff full time and are doing well
I am hoping I can get the answer to this practical question. Yes, I know “if you can conceive it you can achieve it” and “always think positive.” I believe that and I get it. I want to know how many of you are actu...
John Vitta
Rehab Manager Commission/Salary
I have a Rehab Manager that will be managing the rehabs of my flips. What is a typical and fair commission to manage rehabs? He would be responsible for hiring contractors, managing the project and getting the work do...
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
I'm hoping a tax expert can answer this question I have. In my current job, I make close to the fica cap which my employer pays both employer and my portion as the employee. I only contribute the matching 5% to my 401...
Jan Van der vorm
Is the cash flow 100% tax free if you own 100% of the property?
I own a investment property that is 100% Owned by my LLC after paying back the loan. Now the property in Indianapolis is cash flowing $700 per month. Is this tax free?
Nestor Soto
Taxes
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
Wyatt Simon
Starting a New Job to Gain Real Estate Experience
Hello BP,I was wondering if anyone had any advice for a job that would benefit me in my real estate career. I have good credit and no debt, but I need solid income in order for me to be approved for a loan...and to st...
Jeff D.
flipping out over possible s-corp loss
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
Account Closed
A couple of Solo 401K questions
I know many on here are fans of Solo K plans. I cant find too much detailed info online and even my tax guy is not too familiar with them. So let me post my questions here for the experts
1. Does having pass...
Alex Waite
House Hacking Budget Problem
I recently started a new job with a base salary plus commission. I would be living off my base and the commission is just some extra on top. I am planning on house hacking my condo when I move by either finding a room...