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All Forum Posts by: Bryan Martin

Bryan Martin has started 0 posts and replied 28 times.

Post: Stock market funds to rental property investment

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

I’m assuming all your stocks have gains since you asked about capital gains, but if you have any with losses, you wouldn’t owe any tax on the sale of the stock.  Probably obvious, but just wanted to throw it out there.

Post: 2 deals closed in 30 days - SFH, LTR

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Meghan McGill Great work! Better go buy some hydrocortisone because after getting 2 properties, the itch to get more is going to get strong!!!

Post: Does Zillow charge $2/day for the rental listings?

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Scott Ashworth

Yep. $9.99 per week. I’ve found it to be worth it. I’ve found that about 30%-40% of my applicants come from Zillow and I do my application process on there also. When a vacancy on a $1,000 apartment rent is costing you $33/day, $9.99/week is well worth the leads in getting it rented depending on where you are.

@Matt Ziegler This is what we do. Had a similar situation. Tenant gave me Deposit and first month’s rent. I kept deposit per the lease agreement that the deposit was to hold the property and then refunded the rent. It worked out about even as I had stopped advertising for a couple weeks after the lease was signed, but then once I reposted it still took a month until the next tenant’s lease started.

Post: New and moving to Hawaii. I want your opinions on my opportunity

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Jay Hinrichs Seems like the snow come business is saturated there. Too much competition, not saying it wouldn't work, but I bet there's been a ton on snow cone companies that didn't make it and saw their money melt away.

Post: Wanted: Best Online Business Banking

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Daniella Steinberg I used Ally when the savings accounts were paying 2+% and I liked them. Since the savings rates dropped so much, I've pretty much stopped using them. I'd recommend just banking with your local bank that you get your mortgages with. I can text my banker and he'll usually respond with an answer almost immediately. The quick service and flexibility they offer is worth every penny.

Post: Can someone teach me how to run numbers?

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Steve Suntorn Paitoorya Yeah, running the numbers is too broad of a question. The easiest way is probably to download Dealcheck and okay around with it until you understand what numbers impact what calculations. The BP calculator is great too, but need to be a Pro.

Post: Best books for real estate, business, or personal growth?

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Grady Benton The Millionaire Real Estate Investor and Millionaire Real Estate Agent are great. The agent book even if you're not wanting to become an agent. Has a lot of ideas that you can use as an investor

Post: Recommendations for Books

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Antonio Estrada Sounds like you need to read the 4 hour work week based on what you're looking for.

Post: Best college degree for real estate investing/realtors

Bryan MartinPosted
  • Accountant
  • Springfield, IL
  • Posts 28
  • Votes 34

@Jonathan Oakley With those two choices, I don't think you can go wrong either way. Do an analysis with those close to you and go with your gut. Maybe see what the average salary is for graduates of the two programs if you want a tie breaker.