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All Forum Posts by: Mike Gallagher

Mike Gallagher has started 18 posts and replied 252 times.

app. track my drive.

tracks my drive, and gives me reports to help with my taxes

Post: Taxes on wholesale while working a day job

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

lets say you make 10k self employment money. you will have to pay self employment tax of 15%, and also pay federal tax and any applicable state income tax.

personally, I save 30-35% of my se money to pay state and federal taxes.

Post: New REI In Salt Lake City

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

welcome to bp

Post: How do you build a buyers list?

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

go to the local rei meetings and network

Post: LLC or Umbrella Policy?

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

my recommendation is to have both a llc and a umbrella policy

Post: MileIQ awesome mileage tracker

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

I went with trackmydrive, and im very pleased.

Post: 1st WHOLESALE DEAL DONE!!!!!!!

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

congrats, keep it up.

Post: Kitchen Sink faucet repair

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

little bit more. on my rentals I buy the same faucets and keep one as spare, I then call the companies and order replacement cartridges for all units and keep them as spare, so if I ever have a problem, I have the parts in stock to repair or replace the unit.

Post: Contract Assignment illegal in California?

Mike GallagherPosted
  • Ogden, UT
  • Posts 266
  • Votes 51

its all about relationships. very true statement about real estate investing.