Jonathan Greene
My Highlight Reel from BPCON2024
14 October 2024 | 8 replies
@Scott Trench introduced himself to my wife as Scott a BP employee (was he trying to be modest or be incognito).
Serafin Fernandez
Tenant Bank Statements
15 October 2024 | 7 replies
Paystubs only work for w2 employees.
Imani Naomi
Where to start - Multi-Family or Single Family Homes?
19 October 2024 | 16 replies
The tenant segment we've targeted for over 17 years is families with elementary school-age children and a gross household income between $65,000 and $85,000.The only properties this segment will rent are:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.Rent range: $1,800/Mo to $2,300/MoLocation: See the map below for the areas where our target tenant segment chooses to live.What has been our results following this process?
James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
14 October 2024 | 12 replies
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from another rental property. can I do a cost segregation to offset my tax bill incurring from the Ira withdrawal for 2024?
Melanie Baldridge
Be aware of the taxes.
14 October 2024 | 1 reply
Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.
Ross Kane
LLC piercing corporate veil
21 October 2024 | 13 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Andrew Erickson
Made in China: California Licensed Manufactured Homes
17 October 2024 | 21 replies
Helens now to be fair he is quite brilliant at construction owns a HUGE underground construction company that he sold to his employees and loves these type of off the main stream projects and has put many hours into it.. and not made a dime LOL.. he donated one of the fully built homes to the local collage..
Ryan Rabbitt
Employer does not match 401k - should I invest?
14 October 2024 | 24 replies
I am a state employee contributing 10% of my pre tax dollars to a 457b and I contribute 7.25% to a state retirement plan - no employer match.After a little research, I'm learning some early real estate investors with a W-2 job do not contribute to a retirement plan if there is not a company match, but instead put their money toward real estate investing.
Melanie Baldridge
Good Ol' Uncle Sam
14 October 2024 | 0 replies
Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.
Lori Brock
WREIN, Kelton Todd, Tresa Todd-Lugten
29 October 2024 | 131 replies
I'm W2 employee with some rental property.