All Forum Posts by: Clinton Fisher

A tree frog bridged the contacts on a capacitor on my system the capacitor and service charge $395.

It does seem like we're going to have very strong deflationary pressures, however it's every bit as possible that previously comfortably middle class will find themselves in a little lower class and push out the low income renters. Previous owners of large homes may be very happy to downsize and push out some of the people that aren't as able to keep current on the rents.

I think eventually you may see an increase in rents in clean safe lower income neighborhoods as people seek simplicity and less expenses.

@Laura Williams That's terrible what he did! Criminal complaints require proving guilt beyond a reasonable doubt, while civil complaints only require a preponderance of the evidence. Did he ever get his license? You could sue his bond quite easy if he's licensed! If he isn't licensed, I guess you learned something

@Zach McLean

You bought it knowing what was their man up and live with it. I cannot believe you would buy a house next to somebody and then try to make them change.

@Jack Edward Johnson

My understanding is that the rule of 72 is pretty accurate for the interest rates were more likely to deal with in real estate investing. Anything more complicated than that and I'll use some type of calculator like we have here on BiggerPockets or elsewhere.

The way I see it ROI is the number you need to get out of your investment cash+normal profit+abnormal profit=ROI. The cash on cash return is how long it takes to get there. Cash on Cash=72/12 =6 years (12% rate of return). So at 12% cash on cash your initial investment would double in 6 years+profits=ROI.

@Paul Allen

No, just cash.

@Lance Lvovsky

Wow, thanks for that! I was sure I would have to pay income tax.

@Matthew Jones

Why don't you just contact the collection agency and make a one-year contract with them to pay it all off in full? I'm sure they would be delighted to have you do that!

@Andrew Fallwell

Hey Andrew, this may be out of your specialty. I'm going to be inheriting some money maybe $250,000 and I'm looking for strategies to avoid paying income taxes on that money if possible. Some of the things I've looked at would be a self-directed IRA held by an outside trustee. But I don't really know if I would be subject to limits of contributions or if I could even avoid any income tax by moving inheritance into an IRA?

I'm open to suggestions on how to handle this inheritance when it comes in, maybe in 3 to 6 months. Just trying to chart out a general course.

Sent on the mobile app so the formatting may be all messed up