Hello BP members!I am currently a loan officer and in the transition of working as a W2 employee to now being a 1099 employee. I am also working on my real estate license and plan on having it completed by the end of ...
How much income does a wholesale business need to generate for an LLC with S-corp taxation to make sense? For example, let's assume my day job satisfies my social security tax and the wholesaling business does the fol...
Question please...My wife and I are looking to finance (cash out) to 50% loan to value (2) investment properties in Florida.We have used our Life Insurance to Self - Fund properties and would like to be able to employ...
What are folks using as their minimum required credit score on rentals?
I’ve got mine set at 650 but not sure if that’s too high for a c+ / b- neighborhood. Thanks
Hello all!
I am debating with my wife as to whether or not to contribute to her 401(k) we are both in real estate school and are going to become real agents. I will be a full time agent as soon as I get my license an...
To create an additional income stream, I have decided to privately lend (gap funds under $50k for my first) amongst other members of the REI flip method coaching program to which I belong. I have already formed an LLC...
Does anyone have tips for finding tenants for class C and/or Section 8 rentals?Background: I bought two houses last year in a Class C- neighborhood and quickly rented them out. One to a Section 8 (50% rent covered, h...
K Shaped Recovery?
The National Bureau of Economic Research classifies a recession as “a period of declining economic performance across an entire economy that lasts for several months.”
The residuals of lost jobs, ...
Hi all,
I have a friend that had an accident yesterday while remodeling a home. He had to be airlifted to the hospital and lost two fingers. He has been working for a guy for the past 7 years or so doing remo...
Publicly available rental information is limited and too general to be useful. I developed software to extract rental data from the MLS for our specific property profile and target areas. I thought it would be helpful...