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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..
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15 October 2024 | 7 replies
Paystubs only work for w2 employees.
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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).
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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.
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15 October 2024 | 2 replies
Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.
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16 October 2024 | 17 replies
they are buying the assets and closing.. and the big ones are all licensed.. so you can have an employee work for you in a very narrow scope.. but why u would want to do this is weird.. there is no real money in it and over time your not building a career your just wasting time. trying to figure out how to stay on the fringe.
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15 October 2024 | 40 replies
Here are some considerations to help you evaluate whether forming an LLC is the right move for you:Advantages of Creating an LLC:Limited Liability ProtectionAsset ProtectionPotential Tax BenefitsConsidering and Difficulties:Finances: As you pointed out, it may be more difficult to obtain a mortgage for a property held by an LLC.
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17 October 2024 | 14 replies
I understand the hesitancy to post your listing but for anyone to evaluate it honestly, they'd need to see it.
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15 October 2024 | 21 replies
I am not saying don't take the points, but really evaluate all the socio-political and economic factors involved before you take the shinny penny.Thanks.
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16 October 2024 | 9 replies
The real play here might just be to take a step back and evaluate if this deal is going to actually set you up, or ruin you financially.