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How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...
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I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
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I’m trying to buy a small SFH and build multiple ADU units in the backyard. I’m doing it in an area where students pay about $1,100/room (in shared homes). I’m having difficulty determining the home value after the AD...
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Brandon mentioned in his blog here:http://www.biggerpockets.com/renewsblog/2013/11/05...that if you own a property free and clear you could lose 50%+/- to taxes. He didn't say much more than that but that took me as s...
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Hello, my name is Tanya. I would like to build a foundation to start investing in Real Estate so I can quit my job and become a full time Real Estate Investor. I prefer to buy and hold but am not opposed to flipping...
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Hi guys, first post here. Site has been great so far. Here is my situation:In September of 2014 my parents made me the beneficiary and Trustee of an Irrevocable Trust. We put their house, which would sell for roughly ...
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Hello everyone! My name is Brian and I am an aspiring RE investor in search of knowledge, advice, deals, and opportunities to succeed in this business by helping others. I am currently an Engineer working on contract ...
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I presently have a chunk of our SFR homes under contract which will yield a 7 figure return after taxes and fees. (Of course, there is no guarantee that we ever get to closing and this will be an irrelevant discussion...
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Hey BP community-I've been educating myself the past few months and a deal presented itself that I'm making moves towards. A local investor is liquidating 13-14 rental properties and it seems like there is a good oppo...
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Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...