All Forum Posts by: Jared Patton

Thank you very much Phillip! That's exactly what I was looking for. If anything else comes up, I will be reaching out. I see you are from Cincinnati. Do you have a local office? 

Thanks Daria! Did he fill it out with his personal name or under an LLC?

I am new to investing (focused just on flipping right now)and have never run a small business. Through books I've read recommended on Bigger Pockets and researching, I know that you need to have independent contractors fill out a W-9 and then send them a 1099 at the end of the year.  I have a couple of questions that for some reason my accountant can't seem to clarify for me.

1.) How do you know which contractors you use need to fill out a W-9? For instance, I know that a couple of my general contractors have their own LLC and are smaller companies and therefore probably need to fill them out. If I use a large company for HVAC or something, I imagine they don't need to fill out a W-9. I was wondering if there is a definitive way to know who to have fill out a W-9 so I don't just throw them at everyone like my accountant suggests.

2.) If I am using a general contractor to manage my whole project and the cost of the subcontractors that he uses are rolled into his lump sum fee that I pay over scheduled increments, do I just have the general contractor fill out a W-9 since I am only issuing checks to him?

3.) When filling out Independent Contractor Agreements, do I literally have each subcontractor fill one out?  And again, if my GC is managing everything, do I need to have all of his subs sign an Independent Contractor Agreement or is it covered under the one the GC signs since I am just paying him?

Sorry for questions that I feel are probably very basic, but I've been unsuccessful in searching the forums, searching online, and in talks with my accountant.

Thanks!

There is also a NKY Real Estate Investor meetup that meets once per month.  Aaron Smith is here on Bigger Pockets and runs it.

Hey Kevin! I'm in Burlington and am also getting started as well.  Hope you get something going soon and if I learn anything useful, I will try to pass it along.

Hello everyone,

My name is Jared and I am new to the real estate investor scene.  With the help of a good friend of mine who is a contractor, I am working on getting my first project going. I thought I'd reach out as you can never know too many people.   Thanks for your time!