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26 September 2018 | 2 replies
It depends on a lot of factors:If you are enlisting in the military, your salary will be quite low for the first few years as an E-1, E-2 , E-3 - which can make buying a home or investment property somewhat difficult.Depending on which branch of the military, and which career path you intend to pursue, you may only be at your duty stations for a few months to a couple of years, especially early on when you are vying to get into training for your occupational specialty.
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17 September 2018 | 1 reply
I believe Expense because i was repairing the unit with the exact same thing it had when it broke.I am using Quicken to keep up with all the records and am trying to track these as tax items. 1) how do i track these "Schedule E/C" 2) when i have to drive, eat, and other stuff how is that tracked?
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19 September 2018 | 2 replies
Too much squeeze for too little juice, and you'd be very close to getting burned on the deal should you have an unforeseen major expense such as a nightmare tenant you'd have to evict and/or capex such as replacing the AC or roof.
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18 September 2018 | 4 replies
Also, I found this page that give you a guideline as to what should be included: https://revnyou.com/ultimate-guide-creating-real-e...
21 September 2018 | 6 replies
My attorney says that she would recommend e & o insurance for your llc to protect your business.
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22 October 2018 | 14 replies
Offer them some fresh-squeezed juice or some Costco-bought single-origin coffee out of the newest, shiniest Keurig you can put in the kitchen.One trick that I absolutely love and have talked about before on Bigger Pockets is hanging a $200 jetted stainless shower tower in the bathroom.
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19 September 2018 | 1 reply
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
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24 September 2018 | 9 replies
The juice might not be worth the squeeze.Thanks again.
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25 September 2018 | 8 replies
Because I know what it is worth.Kind regards, Stian Birkeland E-commerce EntrepreneurLondon, UK