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25 February 2025 | 8 replies
Regarding annual cost, LLC is better.
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9 February 2025 | 47 replies
I think they typically give 20% off the annual subscription.
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25 February 2025 | 6 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 | 37 replies
I can find that information very easily.Not all people in D.C. work for the government, or so I am told, so this applies to *only* the specific sub-set of those who receive a W2 (not welfare) from the government for working in D.C.
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24 February 2025 | 13 replies
•Managing accounts payable and receivable•Reconciling bank accounts•Generating basic financial reports (e.g., Profit & Loss statement, Balance Sheet)Credentials:No formal certification is required and may or may not have a high school diploma, but some bookkeepers pursue:•QuickBooks ProAdvisor Certification•Certified Bookkeeper (CB) from the American Institute of Professional Bookkeepers (AIPB)•Certified Public Bookkeeper (CPB)Caveats:Bookkeepers do not handle and probably should not handle tax planning, financial analysis, or compliance work.
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24 February 2025 | 2 replies
What is the expected annual return from your "other opportunities" and how does it compare to the expected annual return for your 3-family property?
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24 February 2025 | 21 replies
.- You can even recycle the messages annually or quarterly!
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25 February 2025 | 14 replies
I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.
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5 February 2025 | 5 replies
And each go up in value annually.
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23 February 2025 | 2 replies
Is it worth paying their annual subscription fees and do their 30-day rent guarantee mean anything if they aren't refunding the payment?