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23 January 2025 | 1 reply
I have cash reserves and money in retirement accounts, but I don’t want to dip too deeply into my reserves.
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4 February 2025 | 17 replies
For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.
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21 January 2025 | 7 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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23 January 2025 | 31 replies
I think most successful investors would tell you that, while you need to take tax into account in your decisions, you shouldn't make a decision based on that alone.
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19 January 2025 | 2 replies
I once made the mistake of chasing multiple listings at once, which turned into a disaster.When I shifted my focus to serving one client at a time with honesty, integrity, and accountability, referrals started coming in without any marketing.
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16 January 2025 | 9 replies
I'm currently exploring opportunities in real estate, particularly in accounting roles.
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21 January 2025 | 18 replies
So if your interest payment is $1000 then the servicer automatically ACH debits your account that plus the servicing fee (assuming you set up automatic payments as @Christian Ehlers suggests).
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24 January 2025 | 42 replies
My account manager has basically gone silent.
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10 February 2025 | 16 replies
They worked exactly how your retirement accounts are supposed to work but 3 x faster.
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24 January 2025 | 4 replies
Set up a Joint account with the seller so you can make deposits to continue the automatic payments to the lender until you refinance the property.Thanks,Dustin