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27 January 2025 | 8 replies
Try talking to local banks who want to do business with you.
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14 February 2025 | 6 replies
I also use amex for my business CC.
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19 February 2025 | 5 replies
No contracts and you can transfer your cameras from project to project.Depending on how much coverage you need they have really low monthly plans.
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23 February 2025 | 84 replies
Unfortunately, the only guarantee in this business, or any business really, is there are no guarantees of outcomes... ever.
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12 February 2025 | 27 replies
-Here’s the harsh truth, they didn't want to do business with you.
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23 February 2025 | 80 replies
Day care, restaurants, local businesses will all be affected.
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18 February 2025 | 4 replies
I plan to buy a new property in May by putting 5% down and renting out my current home.
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24 February 2025 | 5 replies
In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.
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24 February 2025 | 3 replies
., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?
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21 February 2025 | 5 replies
I plan to use two of the bedrooms for Airbnb short-term rentals.