Kyle B.
Avoiding Self Employment Taxes
I wanted to see if anyone has been able to (legally) avoid paying self employment taxes on the profit from their flips. I met with an accountant and he said I would have to pay a 15% tax for self employment - essentia...
Ryan Howard
Question for starting as a new part time agent.
so I currently work two full time jobs whiles aging up every penny that I can in order to start investing. Recently I've been thinking about getting my re license to start building some relationships and trying my luc...
John Heasley
Should I take a pay cut now to potentially earn more later?
Hello BP! Full disclaimer--I'm borrowing a friend's account as I'm discussing a job switch, and I don't want this information floating around the internet with my real name on it in the event that someone from my curr...
Chan K.
Landlord Leaving your Job
Hello Landlords,Are you a landlord overseeing/managing your own rental properties?If you do, how long have you been doing this? Do you still hold a full time job?If you already left your job, do you regret it?I have w...
Jeffery Speck
New LLC Tax Structure Question
I have a newly formed LLC that has 3 members. What tax structure should we use? I like the benefits of S-Corp, however we wont be paying ourselves a salary. Any recommendations??
Account Closed
business type
Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Am...
Breonna Mahana
Lenders; Denied on Pre-Approval, no consistency! Why is this?
I genuinely need answers from professionals. My husband & I have spoken to 6 different lenders. Each one we have spoken to gave us a different answer to why we can't get approved, please help me understand why.
O...
Nick Rutkowski
So You Dropped out of College to be a Millionaire?
In lieu of the past posts about people dropping out of college to form their Real Estate business... I'm curious to know how many of you dropped out and became millionaires?I'm one of those college dropouts who took t...
Roger Laughary
S Corp Instead of LLC for Rentals?
I searched for detailed information regarding this before posting, but was hoping for some more distinct answers. I have 8 units right now in Kansas under one LLC and have a W-2 job. I also have several friends (some ...
Gabe G.
How many SFH's to quit job
A stupid question, but how many SFH rentals, do you think you would need to confidently quit your day job? I live in the Midwest, so an avg/decent income is 50k a year.
I have 2 currently, that gross cash flo...