Marcus J Richardson
Project Manager Pay for rehabs and prehabs??
Hello,I would like to know once i hire a PM how much should i pay him to manage my prehabs i will be doing. His responsibilities will be to manage the prehab and to set milestones for contractors, pulling permits, an...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
Taylor Witt
Waterfront Resort for sale...need help analyzing
Need help in analyzing a seasonal resort/rental property I am looking to buy with my partner in Minnesota. Currently I have 3 rental SFH rental properties and feel comfortable analyzing these deals, but never have an...
Jack Honroth
Staring Out - Atlanta
Hey All,
I’m a two year out of college salary worker looking to get into the rental property space. Hope it can become my full time job as I’m done with excel lol. I have around $10k set aside right now for the proje...
Sean H.
Help me understand S-Corps better
As it relates to being the sole owner of the "corporation."So, for my question lets say i hypothetically made 100k for the year. I read that is best keep wages and distributions equal to avoid a red flag from the irs....
Tim Richardson
Oregon Pediatric Dentist having early mid-life crisis
I'm am a pediatric dentist in my mid-30's that loves what I do but don't want to be tied to a dentist's schedule anymore. I am selling my three clinics and trying to decide if I want to do part-time pediatric dentistr...
Joe Maron
Self-employed underwriting: 25% rule "loophole"?
Hello folks! I have a question about getting a mortgage underwritten as a newly self-employed person.I recently decided to leave corporate hell and started a one-man, one-owner corporation. I pay myself a base W2 inco...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Matthew Ficorilli
Capital gains tax question
I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set ...
Brittany Olofsson
Paying off student debt 1st or GET INVESTING!
I currently have student loan debt of $70k that I am trying to focus and pay off completely within 3 years. Then my plan is to start investing. My question to experienced people is should I focus on paying off this de...