Ian Sara
W-2 vs Non W-2 Conventional Loan Financing
Hey All,Is someone able to highlight the main differences or challenges between financing an investment property with a conventional loan with W-2 income vs non W-2? My wife owns her own business but is technically a...
Alex Shaughnessy
My wife is opening home daycare
Good morning. Here is my situation.I am a w2 employee. All of our insurance/retirement is tied up w/in my job. My wife does not like her job and is making the leap to open an in home daycare as soon as our new house i...
Matthew Kirchmyer
From individual to 2-person ownership with DSCR loan
I'm selling a house in North Carolina and buying one with my friend in California. Both are SFR rentals so I want to do a 1031 exchange.
We are doing a "Dscr" loan and the banker said it needs to be bought in an LLC....
Gary Kane
SOLO 401K Users in Jax...
Looking to make connections here in Jacksonville with experienced investors using SOLO 401K's. Possible partnership in deals, also discuss different strategies as they relate to the benefits of using the SOLO-K. Than...
George Melillo
Using sole-proprietor EIN for rental property
Hello,I run two businesses as a sole proprietor and have an EIN. My wife and I own a rental property, and this year we are required to file a 1099 for contractor work. I do not want to give out my SSN, and would lik...
Frank DeDonatis
Prospective First time Buyer
Hi all- I’ve recently begun listening to Bigger Pockets podcast routinely. Looking to buy my first property in 2020, I had a few questions on best practices when beginning. Should I form an LLC or initially begin as a...
Matt Castle
Agent as LLC vs Sole Proprietor
Can a Tennessee real estate agent, working under a broker, use a LLC or S-Corp for tax & liability purposes instead of doing business as a sole proprietor? I've seen conflicting information and wanted to get some ...
Matt Morin
Wholesalers liability (LLC vs. sole proprietor)
Quick question about business structure. I was recently talking to my accountant about my planned start in the wholesaling business . We talked a little about tax implications and then she brought up a good question...
Ben Gammon
Sole Proprietor owner occupied multifamily TAXES
Hey There! First year as a real estate investor. How do I file my taxes? What forms do I fill out? What can I claim? I bought a vacant, uninhabitable fourplex foreclosure from HUD in Cincinnati, OH in December 2016 a...
Brian Kennedy
LLC or Sole Proprietor for Rookie
I have a chance to purchase a 12 unit apartment building in another state. It would be my first investment in real estate outside of a residence and I do not have an LLC set up.Should I set up an LLC or would a sole p...