Unlike passive rental income, the income from an active trade or business is subject to self employment tax (a nasty 15% tax commonly referred to a “social security and medicare” by working folks).

I am not totally confident in all of my due diligence as I am new to this, but I am at a point where I need to act and send out some offers to people to see what takes.

I live just west of Portland, and I'm looking to get into REI a little more to supplement my retirement as I'm self-employed (General Contractor) and don't have much of a traditional 401k, etc.I started out buying a duplex as my first house back in 2005, which I lived in one side for 7 years and rented out the other.  

@Kyle McCullers- Hey Kyle... someday I will be able to answer this question with confidence.

I'm looking to become self-employed and would like to start with Joint Venture Wholesaling.

However, when I look at the IRS publication on per diems it says self-employed persons can write off food per diems. 

Started with self-funding but with now, with increased units, will be syndicating. (3  How are you managing the properties?  

It gives me a little more confidence.

Hi BP experts,Everybody knows the advantages of self-directed IRA's as opposed to the ones we get from Fidelity/JP Morgan Chase/Merrill Lynch etc.

You may be very confident that it can appraise at a higher value in a year, but be conservative and assume it will not go up in value.