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. ...
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 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...
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...