Todd Willhoite
Solo 401k unavailable if have any business with employees?
I have a business with no employees for which I want to establish a solo 401k. I have another unrelated business with one full time employee. My wife has a business with four full time employees. Under the Controll...
Jude Cineas
Full time employee to working full time real estate .
I want to hear from agents who worked a full time job while working real estate part time. When did you decide in your journey that it was right time to switch over to real estate full time. What are a few things you ...
Pauline Zhao
Can W-2 employee qualify for real estate professionals?
Hi, if one already has a W-2 job, but at the same time has an LLC for rentals, can that personal still qualify for real estate professional?Thank you!
William Stinson
Employee approached me about doing a secured promissory note
I recently had one of my 1099 employees approach me about helping him deal with some back taxes that have come to a head and he is running out of options. He owes $60,000 to the IRS from 2004 taxes and he has asked me...
Francis E. Bromwell JR.
Having a hard time finding good and reliable employees
Hello, this is my first post outside of my new member introduction so go easy on me regarding format and if this type of post is allowed here. But as you see in the title I am having a very hard time finding good and ...
Account Closed
Can I Designate myRental Unit for Government/Military Employees?
We're picking up a single-family BRRR home in a beaten-down-but-on-its-way-up neighborhood. Price is nice and low, condition is fair, and rehab should be low-to-moderate in cost. Question is, with a large military bas...
Matt R.
Marketing a SFR to employees of a nearby industry
Hello all!I recently bought my very first single-family rental, and I'm in the process of getting it fixed up now. There are still hammers to swing and paintbrushes to wield, but I am starting to look ahead at gettin...
Nick Salemme
Long-term strategy for full-time employee (NYC area)
Curious on everyone's thoughts on the following strategy I am considering. Note that I work full-time in NYC and live nearby in NJ and want to do real estate on the side as a long-term play and ease into investing. I ...
Judd Campbell
Bring a tenant on as a part time employee?
I have a guy that I have used as a casual handyman for the past 18 months. He lived a few houses down from a property I bought in early 2014. He is a single guy that lives very close to the edge financially. He wor...
Marc Lock
Claiming RE Professional Status as a W-2 Employee
I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...