All Forum Posts by: Tim Robinson

Thanks for the input guys, all very helpful. Definitely food for thought.  I'll probably do some more research on this.  Seems like issuing a 1099 MISC would take care of the tax side of things.  As for injury liability, seems like that would be a question for an insurance agent. In this day and age it is possible to get sued for anything at any time.  My wife has done consulting work for other companies and has gotten 1099 MISC from those 1 or 2 day jobs. Her earnings were reported in block 7, "non employee compensation" on the 1099 MISC. I'm guessing that those companies have something in there insurance policies that cover the "what if" scenarios.  I could be wrong, again, a question for an insurance agent.

But just to recap, because we might be heading a little bit into left field.

Is there a line drawn between legal and illegal? looks like the line is drawn at $600. a quick Google search (for what that's worth) confirms this.

what sort of trouble could this land you in? liability issues if someone gets hurt and wants to sue you.

what is the legal way for one person to hire another person to do labor? 1) report it to the IRS. 2) have proper insurance. At this point, i'm not sure what this actually entails.

@JD Martin , that makes sense, thanks for the reply.  

My job title is "Product Engineer". I do not have an Engineering degree, per se. My degree comes from the school of hard knocks. I design towable  RV's for a major RV manufacturer.  i am new to real estate investing, but hope that my background will be helpful. A big part about designing RV's is providing a quality product as cost efficiently as possible.

i am new to real estate investing, I actually have not even done a deal yet. This is something that I have been pondering for some time now.  I often see people do jobs and get paid "under the table". To be honest, I myself, when I was in my 20's did jobs like this. Put on a new roof, maybe a vinyl siding job, a flooring job, or some landscaping.  I feel like our society accepts a lot of under the table jobs like its no big deal. I mean you pay the neighbor kid 30 bucks to mow your yard. No big deal, right? Lets say you got a permit to put on a new roof, instead of doing it yourself, you pay a couple coworkers 400 bucks each to help you out. No big deal, right? My question is this... Is it a big deal? Is there a line drawn between legal and illegal? what sort of trouble could this land you in?  And just to be clear, its not like I would pay some yahoo to put on a roof, but I do work in an industry where I literally know dozens of guys that are knowledgeable on how to do work like this.  And, I guess another question would be, what is the legal way for one person to hire another person to do labor?

Thanks
 

Thanks Ryan, I actually went last month.

Hello, I'm 100% new to real estate investing. So far I've just been reading books, listening to podcast, and I have attended a couple local meetings. I am most interested in using the BRRRR method to obtain rental properties. I am also toying with the idea of perhaps doing flips. I want to focus most of my attention on Kosciusko County, specifically Warsaw and Syracuse are my target areas. I went to the Sheriff Sale last month, that was a pretty good eye opener and really sort of put my expectations in check. I scoped out several of those properties, and was actually surprised for how much they went for. Any one from my area???

Also why am I automatically following 6 people?