Scott Trench
Are you Pro or Against 401(k)?
2 May 2017 | 197 replies
The investor in this scenario would keep $25,300.To summarize, in an effort to defer $350 in tax today on an investment of $1000, this investor will wind up paying $5,800 more than needed on the original $1,000 put into that 401(k) account.You can pay up to 20% more in taxes on your 401(k) money than you will on regular investment capital gains.There is more, and this is a great topic of discussion.
Myles Coles
A Very Saturated Market.
14 September 2014 | 10 replies
To summarize it a bit, he went on this journey and was unsuccessful, he couldn't bare returning home empty handed so he flung himself into the ocean never to be seen again.
Kim Hopkins
About to Lose a Killer Deal to Sell Our Building B/C Tenant
14 July 2022 | 63 replies
@Kim HopkinsNext info neededPlease summarize the tenants insurance policy and all the other tenants listing you as Additional Insured.
Lucas Mills
What is the "easiest" way to get 3k-5k in monthly passive income?
11 May 2023 | 76 replies
This thread is certainly helping expose me to other options.So to summarize, I really like the idea of being an equity investor and recycling that same money multiple times per year to accumulate wealth.
Joseph Lee
Minneapolis Renter's Protection Ordinance
8 November 2018 | 13 replies
I will do my best to summarize and comment on everything as it is proposed and or/or passed.
Michinori Kaneko
HELOC vs Home Equity Loan
28 March 2021 | 38 replies
I think you summarized pretty well.
John Hall
Mobile Homes - Rent or Flip?
13 June 2017 | 19 replies
I know I'm going to have set backs at some point, but to mitigate that I'm asking questions here, and trying to get some pointers before I just jump off the cliff ;)But, to summarize what you're saying, you're advice is to stay away from MHs because the profit doesn't outweigh the work?
Johann Jells
Home Depot "Pro Xtra" account tracks all your purchases
5 December 2018 | 21 replies
Here's why (and apologies if this is too Excel geeky):If you do your own bookkeeping in something like QB, and can't easily import transactions, then entering them individually is a pain - especially with multiple cards/jobs, and if you want to track your expenditures at a more detailed level like Drywall, HVAC, framing, etc.Dumping the transactions to Excel allows you to pivot the data by data elements like Month, Job, Department, so that you can generate a summarized journal entry which can then be entered into QB once - you just need to keep the detailed data somewhere accessible for backup.Example:If I pivot my home depot detailed data for March 2015 I see that I had expenditures for one job for the following departments: BLDG.
Robert Taylor
Looking for advice on maximizing appraisal value on a unique house
11 May 2013 | 4 replies
I will definitely try to find the 6 best comps for the place and I especially like Ramon's idea for the list of work completed on the place for the appraiser, I think that would help summarize the large amount of work that was done recently.
Bruce Weyer
Rental Property Accounting using Quickbooks Online
28 January 2019 | 19 replies
Banks send me a 1099 of the mortgage payments, summarizing the interest paid, principal pay down, bills paid via escrow such as insurance, and the outstanding escrow.