Carolina E.
What is your criteria for screening RETIRED applicants
Hi BP. Regarding retired applicants, do you still have to keep with the same qualifications? Do you keep with the 3x income? I have an applicant that only has social security coming in and said they recently sold the...
Jasper Cooper
How do you hire your kids?
Hello,After hearing about it on Tom Wheelwright's podcast, I want to hire my daughter to help out with our real estate business. She is a mature 7 years old, and would do great at cleaning the hallways and common are...
Gloria Sheridan
Calculating % Replacement of W-2 Income with REI Earnings
My goal is to calculate how much of my W-2 income I've replaced so far with my real estate efforts. I've set up an Excel tracker to assess this and I'd like your validation of my approach. I'm already 5 buy-and-hold m...
Greg P.
Payroll Tax - Is this right?
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...
Martin Vilarino
Self Employment Tax
Hi BP community,Does anybody know how the self employment tax works? I know it's 15.3%, but does it apply only if you have an LLC? And what if you currently have a full time job? Thanks so much in advance!
John Britt
What qualifications do you look for in tenants?
I decided to create this post because I understand that it seems like so many new investors make the mistake of rushing to find a tenant for their property without taking the time out to do background check. It is so...
Trisha S.
Verifying newly retired tenant income - Suggestions?
We have very good perspective tenants that pass with flying colors. I would just like verify their income but they are newly retired, Suggestions?
Lior Solomon
Anonymous tenant - credit check issue
Hi guys,I'm trying to run a credit check on www.mysmartmove.com for a tenant I inherited but no matter what he can't answer the security questions correctly and his report request is constantly being denied.He already...
Patrick M.
How to Screen Background of People without Soc Security Numbers?
Greetings all- I'm renting properties in an area where there is an increasing number of highly educated immigrants seeking rentals near our major universities. I was approached last week by a nice young couple from La...
Angela Shova
Buying First Time Tax Liens - Need Advise
Hi everyone. I am new to BP and would like to ask for advise. I live in Canada and would like to try to invest in tax liens in USA. I am planning to buy tax liens under my name. Do I need to apply for Social Security ...