All Forum Posts by: Daniel Murphy

Hey everyone, 
I'm a financial planner by profession & I really dislike "sales pitches."  All of the sales pitches I've seen for Cost Seg studies show the tax benefit at "37% tax rate" which doesn't apply to most investors. Also, the benefit is not as simple as taking your marginal tax rate x bonus depreciation.  

I've built out a pretty extensive spreadsheet so investors can more accurately estimate their own real world tax benefit of a cost seg study.  

BUT, I'm a bit lost when calculating deprecation recapture & long term capital gains tax when selling a property.  Is anyone willing to hop on a video call with me for 10-15 min sometime to review my calculations? 

We use Ownerrez as an API integration. 

I'm only familiar with building a wix website but the ownerrez has widgets that easily import.  The reviews, calendar, pricing etc. all import very easily with the widgets.  

However, I built the web page for the listing because I wanted it to look like the Airbnb page to keep things consistent.  

We're taking a slightly different approach & building a "local area guide" with a direct booking page attached.  The long term goal is to get the local area guide to rank in google which will help bring more views to our direct listing.  

www.capecoralforfamilies.com 

www.capecoralforfamilies.com/s... for the direct booking. 

We have a single family pool home in Cape Coral.  Cape has a 7 night minimum, but it's not enforced.  There are tons of bnb's in Cape, and from what I've heard / experienced, the 7 night minimum is not enforced unless you get reported to the city.  

Our experience has been very good so far.  $400k pool home, 3/2. I'm hoping to gross 55-65k this first year.  Lots of learning mistakes so I think that year two can be 75k or more.  

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! 

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?  

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! 

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!

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! 

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!

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!