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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I just purchased “the simple man’s guide to real estate.” Has anyone tried it? I looked at several others before purchase. It cost about$110.00. I got a manual, a contract maker, and I paid $10 to get a coach...

I want to get started with wholesaling properties in PA.  Should I take Wholesale Inc. 5k / 90 day class?  Does anyone have same contracts used by wholesalers?  I would assume I need two contracts 1) for the original ...

Hi Folks,

Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...

Hi,

I am having some confusion on how to develop a working relationship with a contractor, so I am hoping someone here can help me. As I work on expanding my business, I am working with a contractor who just finished...

For those of you who are concerned about government spending being out of control, and subsequently the risk of increasing taxes, I thought you might be interested in this bill:

http://en.wikipedia.org/wiki/War_Is_Ma...

I am fairly new to BP but just wanted to share that my offer on investment property number 2 was just accepted today!  I haven't closed yet and I know I'm counting my chickens too soon, but I'm excited to have jumped ...

I have done a lot of studies of listed Milwaukee properties, particularly those listed below $50k.  I am surprised to see a couple of investors are unloading their properties by selling in bundles.  Their properties a...

I’m just starting out and I was trying to get a preapproval letter so that I could know what price range to start looking in. I was told that I should save up $10,000 before I even consider getting a preapproval lette...

I found BiggerPockets about 2 years ago. It has been an amazing time learning so much about real estate investing and hearing all of the incredible stories from amazing investors around the world.In the past 6 months ...