Jess White
What rental REI expenses can I deduct while still a W2 employee?
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
Shane H.
I bought an Assisted Living - want to give 5% to key employee
How do I go about this?My wife and I closed on this business effective Oct 1 and it's been a whirlwind experience, from quitting my dayjob to the realization we are moving, to owing over $1m in debt etc etc. I was co...
David C.
Is a Property Manager an employee or an expense for an LLC ?
For those who use a property manager (particularly for out of state rentals), do you have to have them listed as an employee of your Single member LLC, or can you consider this as an expense(not an employee) to the LLC ?
Account Closed
Unlocking Wealth: Leveraging Backdoor Roth IRAs for High-Earning W-2 Employees
For W-2 employees with substantial income, navigating the financial landscape becomes strategic. Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities. Let...
Bryce Davis
Hourly Rate vs Per Job Rate
I am in the process of hiring my own team. I used to have GC's or subs quote per job but I would thought I could save some money by paying a crew a hourly rate.
Example:
2 Do Everything Employees
...
Vicki Gleitz
tax question
we own a brake and alignment shop. paying double on social security, as you all know, is rough. we have also been renting out our house in Bennett. we had a little plumbing problem that caused some damage last year....
Rob Titus
Beginner LLC question
To anyone that has an LLC for flipping, can I operate as a single member LLC and still hire general/independent contractors? Or do I need to change the structure of my LLC and put the contractors I hire as employees?
Rao V.
Hiring my favorite Handyman as full time..
Hi,I have a good understanding with my handyman. Now I want to hire him as an employee. This guy is amazing and does pretty much everything except electrical/plumbing. What I want to understand is how much will be the...
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...
L'Oreal Smith
ADVICE when seeking a contractor
Hello BP!! I am a new investor and of course I'm looking for contractors to work with. I need to know what are the right questions to ask and other things i need to look for? What are the"red flags" i need to avoid? T...