Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
Hi everyone! I am currently in the market for land where I can build a new construction (ground-up construction).
I recently read about the HomeStyle loan on BiggerPockets and wondering if anyone in Chicago has had e...
Hey folks,Newbie here currently in the education stage. I'm currently working a 9-5 job in mid management, but looking to one day quit the rat race and hopefully focus on REI full time. Would like to eventually have...
Christmas dinner with the family. Talked with my uncle. He has a rental that used to be his primary residence. He bought it in the mid 80's for 175,000, paid off. It's now worth about 650k(no equity extraction). He re...
Can someone walk me step by step to creating a llc and then selling the llc for a wholesale deal?
Hello everybody, I am new to real estate and I haven't bought my first house yet. The reason why is that I am not even in the US yet since I am from a small island in the caribbean. I am not American but I felt in lov...
I have some funds in an IRA that I want to move out of the markets and into real estate. I had saw an article about this in BP but I cannot find it now. Anyone know of that article or have banks in mind that can tackl...
Just stumbled upon this article that I think others in this thread would appreciate. It makes some interesting points about the common opinions on "disruption", how people use Airbnb, and really the good/bad of the ap...
Guys I have my assistant pulling data from MLS, county records and land records to come up with my investor data file for the county I invest in the most. Basically I pulled all the cash purchases for the last 2 y...
Hi all, I'm just curious your thoughts on mobile homes as rentals. I just recently came across a couple of units that I could either pay cash for or even use a credit card to pay in full, and then have instant cash f...