Greg P.
Payroll Tax - Is this right?
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...
Jacob Zanger
Should marketing expenses be deducted from employee gross income?
So... I work as an Acquisitions/Dispositions manager for a small team of real estate investors. I get paid a % of every deal. So my question is should I as an independent contractor (1099) have the companies marketin...
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...
Owen Thornton
What business entity would a house flipper choose
When a house flipped is forming a business and have employees and a team, what would all this be under. An llc? Or another entity? Who would they include in their team?
Account Closed
Beginner in Property Manager needs HELP! Canada
Hello Everyone,So I have been managing this 38 unit building in Calgary, Alberta, Canada for about 8 months now. When I took over the building it was making 36k gross rent per month and there were 8 vacant units, now ...
Joel Owens
Office Building Average Annual Expenses??
Looking at buying a small office building to house one of my employees for data management.Building built in the 80's.7 spaces about 7,000 sq ft in size one story.Owner has owned for years and just replaced roof, toil...
Nick Gray
When and How to Hire Assistant(s)
Hi, I'm a 26-year old real estate investor/agent from New Hampshire who has acquired 30 apartment units across 6 properties over the past ~18 months. To date, I have self-managed my properties while also managing a fe...
Kush Patel
Admin & Maintenance Salaries/Benefits in Addition to Mgmt Fee
Hi All,I'm working on a 60 unit deal and was reviewing the financials and noticed the previous owners were paying $21K for a property management company to manage the property (they manage ~500-600 units in the area),...
Joseph M.
How Do I Valuate a Motel?
hi,I am interested in buying a motel in a tourist destination but I am not sure that I am valuating it well. I am interested because I think I can increase their income because there are so many obvious things that t...