When paying yourself a salary under S Corp status, what are the guidelines for reporting your salary?  I understand you have to file a 941 every quarter, but if you are the sole owner and individual of an S Corp and s...

Hey Everyone,Situation: I am 25 year-old living in Rochester, NY with a Bachelors in Finance. Licensed RE Agent (although I do not do many deals) Work full-time (25k salary). One of my father's retirement account from...

I was hoping someone could clarify the law around security deposits in New York. As I understand it, the law requires landlords keep security deposits in interest bearing accounts, IF the building has 6 or more units....

Hey everyone,
Context:
I am looking to buy my first investment property. Over several years, I have worked hard to save up for a down payment, and I currently have $200k set aside in a money market account ready to ...

Hey everyone,
Context:
I am looking to buy my first investment property. Over several years, I have worked hard to save up for a down payment, and I currently have $200k set aside in a money market account ready to ...

We’re approaching the end of 2022 and there is NO better way to lock in your goals than a BiggerPockets Bootcamp.
Fall Bootcamps are officially open for enrollment!
If you’re ready to make 2022 your best year yet,...

After reading many books on personal finance, a common recommendation is to keep track of your net worth. I like the idea of this.  For me, RE investing is about CASH FLOW to grow and sustain the business and NET WORT...

Some one who is willing to loan me money has an annuity, but is unsure how much int they are earning. I obviously would be paying a higher interest then she is earning. Lets say she had $29484.00 at the start of t...

Hello,I am interested in 1031 exchanging four of my duplexes in California into an apartment building in Idaho.  I am having a hard time running the numbers to determine if the apartment is a good investment.  I have ...

HI, I have read many questions and replies that have been helpful.
I live in NYC and BroadFinancial opened the business in NJ. "open a checking account at the bank of your  choice." Is not true. They want to know wha...