Michael Plaks
No, partners cannot be compensated with a W2 salary
After answering this Q for the 100th client, I decided to make the answer public. The situation: You are one of the two partners, and you work pretty much full-time as the project manager for the company. Your partner...
Robert J.
Purchasing first property with foreign partner- how to structure?
Hello, I am looking for some input on how to structure the deal for my first residential home purchase.
Details:
-Parties are myself (US citizen) and my business partner (foreign national)
-We have another company ...
Rob Beland
Central Massachusetts Investors - First Black Diamond Meeting
I had the privilege of attending one of @Ann Bellamy 's Black Diamond meetings in Worcester, MA last night. I arrived about 25 minutes into the networking portion of the event but made it nonetheless. The program they...
Account Closed
Wholesaling in Minnesota
Hello,
I went to a REI club today, and was met by very nice people, but investors who apparently view wholesaling as an oddball activity, bordering on predatory. I have not done it yet, and am just getting started in ...
Noah Garcia
$250,000/$500,000 Home Sale Tax Exclusion
Does anybody know if the $350k/$500k Home Sale Tax Exclusion applies to commercial apartments or is it limited to SFH, condos and apartments with up to 4 units?
Albert L.
How big of a concern is galvanized water supply line?
Hello, home inspection came back for a 1977 home that state:"Observed a galvanized water supply line in attic over master bedroom was heavilycorroded appears to be leaking. This is common with older galvanized pipe sy...
Eric Furst
investing with a developer
I'm looking to put some money into real estate to bring in another stream of income. As I have a full time job I'm looking to become a silent partner in a larger investment. I've spoken to some people and the numbers ...
Jeff Arndt
Offer accepted on first property, working on financing second.
Help BP!
Got an offer accepted on a 3-unit which I will owner occupy on an FHA loan. The PITI should run about $1600/mo.
My only other debt is my student loans which will come due in June. Those payments should be...
Taras Kokhman
How to buy with cash and refinance with bank?
Hey! Got some confusion with refinancing. If I buy a house with cash and fix it up, would I be able to refinance with the regular bank if I don't have a w-2 job? Thank you!!!
Connor Coyle
1 duplex PA delaware county area trying to expand
Looking for guidance on expanding to more property I currently own one duplex (house hack) living in one side of the building and have small capital of about 60k cash! I have a small equity in the current building we ...