Mike Percy
Avoiding self-employment taxes on LLC rental income
Hello Bigger Pockets community,I am looking into the possibility of investing out-of-state in a buy-and-hold rental property for passive rental income. I am considering a structure of holding the title in a land trust...
Kay March
Applicant for Rental Claims U.S. Air Force Employment
An applicant for a rental that I own in Florida claims full-time employment for the U.S. Air Force as an officer making $85,000/yr. In a Linked-In profile he claims to be a Commander of a Communications Squadron in th...
Babak Jamali
Household Employer Rules - Do I need to W2?
Hello all,I'm trying to figure out if as a homeowner (not a business/self-employed) I would have to 1099 or W2 someone who helps me rehab my primary residence. That someone would not be a contractor or family member, ...
Richard Phan
Self employed 1.5 years...cant get conventional financing?
I am beginner investor looking to get my first rental under my belt. I spoke to a lender today about getting a conventional loan since I am looking to purchase a rental property out of state. I was told I would need 2...
Dustin Sanders
HELOC for Self Employed (No W-2 Income)
Hey All,I’m interested in understanding what my HELOC options are to either buy more real estate or to use for business purposes. I just recently got laid off from my W-2 about a week ago (I am actively interviewing) ...
Shital Thakkar
High Employment Growth = High Population Growth = Strong RE
Here is list of cities with highest employment growth.High Employment Growth = High Population Growth = Strong RE#1 Percentage Gain = Austin#1 Net Job Growth = Dallas
Heath Jones
Proof of income for self-employed potential renter?
If your potential renter is self-employed, how do you verify income? They have offered me tax returns from the previous year, but how do you ensure they will make that much when they are renting from you? Any help wou...
Oshi Jain
Multi Partner LLC for Flip - Self Employment Tax ?
We are creating an new multi partner LLC for Flipping business(8 partners total, 2 partners will be active). We are looking at doing 2-3 Flips in first year. Is Flipping considered as active or passive like rental ? a...
Wendy McLean
Stuck...refinancing options, creative ideas for self-employed
Hello everyone,I have a question and need some thoughts/advice. My hubby and I own a small HVAC/Plumbing services business, but we are totally new to REI. As we gain more and more information through BP, we are growin...
Tom Lynn
Plan on buying MFH, Downpayment loan from employer?
I am fairly new to BP but I am familiar with the real estate industry. I'm currently an accountant for a contracting company and do the books for the owner's 3 property investment companies. I'm really interested in...