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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstatePutting Money Into Your Pocket
Evan Smeenge's profile image
Evan Smeenge's profile image
Evan Smeenge
  • Real Estate Broker
  • from Chicago, IL
  • Member since Aug 7, 2016
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Evan Smeenge's profile image
Evan Smeenge's profile image
Evan Smeenge
  • Real Estate Broker
  • from Chicago, IL
  • Member since Aug 7, 2016
Connect
Evan Smeenge
  • Real Estate Broker
  • Chicago, IL
23
Votes |
56
Posts
Buying & Selling Real Estate

Putting Money Into Your Pocket

Evan Smeenge
  • Real Estate Broker
  • Chicago, IL
Posted Mar 25 2019, 12:53

So,

Let's say I have $4,000 per month profit in rental income, how do I legally take a cut of that...

I'm formulating a plan to get enough rental income to pay my own personal mortgage, how do I do that?

The money would be in my LLC, do I need to take a salary?

Looking forward to answers!

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