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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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Hey BP,Would love to hear what everyones 2021 goals are for their real estate investing business? -Buy your first rental? -Buy a primary residence? -Purchase a certain amount of doors?-Pay off 1 property? 2? 10?Happy ...
I see Cleveland come up a lot for investors out of state. It makes sense when you see the prices are relatively low and rents are relatively strong for those prices. I invest there because I live in Ohio and grew up...
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Hello fellow investors, I am currently using Farmers and Foremost Insurance. However I ran a few quotes on Obie Insurance (geared specifically towards landlords) and for only the 4 houses I checked, I am saving 1,5k a...
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Hello BP Investors!
I am looking for stories about your biggest real estate mistake, and what you learned from it, for BiggerPockets Wealth Magazine. If selected, your story, name and company will be featured in the ...