I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...
So I have read in many places and discussed with many attorneys about the 30 - 90 day anti - flip requirement for short sale acceptance.
However, has anyone ever bothered to question the banks legality for requiring ...
I have 3 young lads who are renting one of my apartments (a 2 unit multifamily) I will use names as Mr A, Mr B and Mr C. Mr A is signatory to the lease but on the lease is states that MR B and Mr C will also be livin...
My colleague Nick Ikonomou and I share some common beliefs about the traits which are found in virtually every successful person - especially in real estate investing. Nick shared them with his friends, and I am now d...
I am beside myself trying to figure out what documents do I need to have for a rent to own agreement. I talked to a lawyer but he didn't seem to want to talk about what I needed. The first thing he said was "I don't t...
I’ve been convinced that I may have to start out in Real Estate by Wholesaling properties. However I’m very paranoid about following the law to the “T”, especially knowing full well I have Attention Deficit Disorder (...
First thing's first, I was laid off from my job and thinking of creative ways to support myself and escape the matrix. I have $400k in accessible cash looking to deploy towards real estate. I made another post and con...
Hi all,
I'm just starting to dive into all the great info here and I would like to start looking for properties to buy and hold for cash flow.
I live in San Diego, CA and from what I can tell, it seems ...
It seems as if a large number of buy and hold investors try to use the 50% rule for their rental properties. I myself think the rule makes perfect sense and that is what I use also.
I would like to get everyone's o...