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All Forum Posts by: Daniel Murphy

Daniel Murphy has started 40 posts and replied 138 times.

Post: Short Term Rental & taxes

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

We're buying our first short term rental soon. What are your go to resources for taxes?  

I'm looking for books, blog posts, ultimate guides or an awesome CPA! 

Post: Most friendly Airbnb location in FL

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello all, 

My wife has some health issues so we spent Christmas breathing in the salt air of Panama City Beach over Christmas this year.  This gave us Airbnb fever. We're currently looking for rentals in our area (Minnesota) but also really want a place in Florida on or near the beach.  

I'm digging through all of the posts in here related but wanted to ask.  

If you were to buy an Airbnb in Florida. Want to spend 1-2 months living there per year and have the airbnb cover other expenses.  What area would be the best to look for?  

Post: Looking for possible mentor...

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello, 

I'm looking for someone who could be a mentor or at least someone who could help guide me in my future real estate investing plan.  

About me, 36 year old independent financial advisor. I'm handy and do all of my own remodel work currently. I'll be debt free (other than mortgage) in 2 years and at that time, will have a significant amount of free cash flow.  I'm not looking to be a real estate mogul, I just want to have a few rentals eventually. Possibly flip a house or two over time. I'm also really interested in learning about wholesaling. 

I've been a financial planner for 10 years so I can hopefully offer some guidance in return for someone willing to guide me. Or, if I can learn how to wholesale I could potentially be a source for you.  Just some thoughts... 

Thanks for listening! 

Post: part time assistant as contractor?

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello, I'm basically just trying to feel the waters out a bit.

We are planning (hoping) for my wife to leave her corporate job in January. Currently, she's helping a real estate investor friend part time. He's a one man show who's been too busy doing deals to organize his business.

My wife was a realtor for a bit, spent some time running a small real estate office. She works in commercial property management and has also spent some time doing real estate contract reviews.

I'm bias, but she's amazing. Anyone else she's worked for will agree. She's quick, extremely organized and detail oriented.

All that lead up to say, is there a market for a part time 1099 assistant for independent real estate investors? Our ideal scenario would be to find a few people for her to work for. In a short period, she's already systematized my friends business and freed up his time enough to scale much larger.

I know she's a benefit, but is there a market? 

Just posing the question out there to have some realistic expectations. Thanks for listening!

Post: Part time assistant?

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Thanks for the info! We're at the planning stages right now. It will likely be a few weeks before we can move on anything.  

I really appreciate the info though! 

Post: Part time assistant?

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello, I'm basically just trying to feel the waters out a bit.

We are planning (hoping) for my wife to leave her corporate job in January. Currently, she's helping a real estate investor friend part time. He's a one man show who's been too busy doing deals to organize his business.

My wife was a realtor for a bit, spent some time running a small real estate office. She works in commercial property management and has also spent some time doing real estate contract reviews.

I'm bias, but she's amazing. Anyone else she's worked for will agree. She's quick, extremely organized and detail oriented.

All that lead up to say, is there a market for a part time 1099 assistant for independent real estate investors? Our ideal scenario would be to find a few people for her to work for. In a short period, she's already systematized my friends business and freed up his time enough to scale much larger.

I know she's a benefit, but is there a market?

Just posing the question out there to have some realistic expectations. Thanks for listening!

Post: Assistant for Real Estate Investors

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello, I'm basically just trying to feel the waters out a bit.  

We are planning (hoping) for my wife to leave her corporate job in January.  Currently, she's helping a real estate investor friend part time. He's a one man show who's been too busy doing deals to organize his business.  

My wife was a realtor for a bit, spent some time running a small real estate office. She works in commercial property management and has also spent some time doing real estate contract reviews. 

I'm bias, but she's amazing. Anyone else she's worked for will agree. She's quick, extremely organized and detail oriented.  

All that lead up to say, is there a market for a part time 1099 assistant for independent real estate investors? Our ideal scenario would be to find a few people for her to work for.  In a short period, she's already systematized my friends business and freed up his time enough to scale much larger. 

I know she's a benefit, but is there a market?  

Just posing the question out there to have some realistic expectations. Thanks for listening! 

Post: Into from Twin Cities Minnesota

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 146
  • Votes 108

Hello, 

I live in the twin cities area of Minnesota.  I've been a member on here for a few weeks and have listened to a number of podcasts so far.  I'm trying to build my knowledge base for when I'm ready to start investing into Real Estate.  

I'm a father of 3 and a self employed financial advisor for 8+ years.  My business is comfortably successful, as in I don't have to work extremely hard to pay my bills.  I'm focusing on paying off some debt over the next year or so and once that's gone I'm hoping to start buying and flipping, or buying rentals.  Not fully sure.  That's why I'm here.  

Looking to build my knowledge base and my network in the meantime so when the time comes, my wife and I are educated and ready to diversify the income!   Any guidance is appreciated!