All Forum Posts by: Molly Murphy

@Nicholas Aja I completely agree with Ryan. I can only speak to being a traveler with a pet - when I have looked for a pet friendly AirBnB it is extremely limited. For instance, I would like to go somewhere warm for a few months during the winters but I would want to bring my dog. I’m having a really difficult time finding a place. I’d happily pay the pet rent.

Thanks everyone!  And yes, they are good tenants and Jan was paid already.  

I went to do a lease renewal on one of my SFR properties and I realized the original lease had an error in the dates. It indicated the lease went from Feb 8, 2019 to Jan 31, 2019 instead of Jan 31, 2020. Neither me nor the tenants caught this error previous to today when I opened the document. I'm assuming I should correct and amend the original lease first and then do a simple renewal form? How do I go about correcting the lease (haven't made this kind of mistake before)?

Thank you!

Thank you all for you insight!  While it does sound amazing, not necessarily trying to sit on the beach retired in 2 years, but trying to figure out how to best replace my W2 income and then essentially change careers.  

@Chris Salerno - I noticed your company is MultiFamily syndication....in your opinion, do passive investors get enough insight into the operation to learn it while being passive?  

If you are an accredited investor and your goal is to quit the W-2 job in 2 years would you pursue (and possibly invest in) learning how to sponsor your own multifamily syndication or be a passive investor?  Why?  Which gives you the greatest cash flow?

Hello -

I am looking for someone to run some various tax analysis and projections based on different future scenarios - kind of a Long Range Plan. What I typically see is a tax advisor or CPA that will file your taxes and give you strategies for right now scenarios but I'm looking for someone to run more of an "if - then" analysis (I have a CPA that will provide advice and file taxes - not looking for that).  For example, if you quit your W-2 job then you need to make X amount of gross income (rentals, flips, etc) to have the same NET effect on your finances assuming certain tax deductions.  Does such a person / service exit?  Does not necessarily have to be a CPA but someone that knows the tax laws for real estate investors really well.   

Thanks for your insight!

@Marjorie Patton I'm pretty new and building my network so I'd love to join as well!

@Thomas Cummings - would you please send me your CPA contact as well?