Alex Chambers
New Member Houston Texas
14 July 2018 | 3 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Vu Huynh
New investor from Boston, MA
10 August 2018 | 9 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Kelly Iannone
Residential Rental Investor from Central Florida
14 July 2018 | 2 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Shannon Cannon
How much to pay yourself from a flip?
9 September 2018 | 9 replies
Profit distribution in excess of your wages are still taxed as ordinary income but escape self employment tax, which is 15.3% on top of income tax.For example, let's say the profit from a flip is $100k and you draw $60k salary.
Michael Szypulinski
First Time Investor in the Southwest Suburbs of Chicago.
18 July 2018 | 5 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Gabe Kelley
Brand New to Everything
18 July 2018 | 12 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Joseph Garner
Procrastinating never got anyone anywhere!!
24 July 2018 | 7 replies
I’ve talked to lenders, real estate agents, I’ve ran numbers on over 50 deals, I’ve came up with 4 different scenarios on 20 of those deals with different numbers on rent, rehab, repairs, escape plans, etc.
T.J. Cotton
Charlotte Newbie looking to help Local Investors any way I can
19 July 2018 | 4 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Anita Cekovska
Newbie in LA. Which area to start? Where to find data to analyze?
23 July 2018 | 7 replies
People seem to "escape LA" and move to Palmdale where they can actually afford a house since everywhere else around LA is ridiculous.
Adam Mykel Cox
New Member Introduction from Birmingham, AL
27 July 2018 | 4 replies
Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.