Hey everyone,I currently have a salary job but am considering transitioning into sales. I was wondering how this would effect approaching banks for traditional financing? With a salary job you can provide a set income...
Hi all. I am forming a manager-managed LLC taxed as an S-Corp for fix and flips with myself as the manager. My family member and I will be investing together in the properties and they will share part of the profit....
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
Hello, could anyone tell me when you would want to pay yourself a salary? I'm thinking about doing a wholesaling business partnership where we would both get paid salary and 50% of the business. Would this make any ...
Hey everyone, my name is Benjamin, I'm living in San Francisco, I just graduated college, and I'm looking to get started in real estate investing (not immediately, but within the next few years). The job that I had li...
Hi all,
Any advice on what percentage one should pay a dispositions & acquisitions specialists for their part in the transaction and a description of duties for each. Any advice would be greatly appreciated.
I’m looking to purchase my first multi family property. My realtor is showing me duplexes ranging from 399-430k. There aren’t many options to choose from. My plan is to use FHA, 3.5% dp, seller covers closing costs. G...
Hi BP, I'm reaching out to seek advice about starting out in RE investing. I thought it could be helpful to disclose my financial scenario, or perhaps that is naive. Anyways, 50k starting salary + uncapped commissions...
Our applicant listed an employer and his *supervisor* on his app. Researching the company he listed, I find that it's an LLC and he's listed himself as a member and his child as his agent.So he can create his own pay...
I'd like to get some input on my current situation before moving forward in meeting lenders for my first purchase which would be an owner-occupied multi-family house.Early last year I got into a Union which operates a...