I've been in business for 2 years, and have reached the point where I've consistently been remodeling at least 2 homes at any given time. My average is 3 homes being remodeled for rental or flip at any given time. Tha...
I wanted to see if anyone has been able to (legally) avoid paying self employment taxes on the profit from their flips. I met with an accountant and he said I would have to pay a 15% tax for self employment - essentia...
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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Hi everyone, first I just want to say thank you for your info and guidance as I'm new at this.
I was trying to refinance and eventually get a second home, I was informed by multiple lenders that my income won't quali...
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...
Will switching to a new career impact me in a negative way if I want to apply for a first-time mortgage the same year? I want to buy either a duplex, triplex, or quadplex. It does not have to be my primary residence. ...
Hey guys I'm currently employed by AutoZone and I'm making about 12 dollars per hour($750 biweekly). My question is what do you think would be the best method to purchase a flip property in the Dallas area based on t...
I’m 39 and have about 20k saved excluding my 401k. My salary is over 100k per year. I have a rental in Cleveland, Ohio I started renting 10 years ago when I moved to Chicago. I’ve had the same tenants in the house for...
Hello, I am a new Real Estate agent who also graduated college in finance last year. I was trying to look for a full-time salaried job in the real estate, mortgage, or title industry, or anything that involves real es...
Hey BP,Forgive me, I love applying my current knowledge to my current business, but also love learning about what I want to do in the future and be one step ahead.I was curious, who does your IN HOUSE apartment syndic...