Dina S.
Do you or do you not need an LLC to start investing?
21 November 2018 | 9 replies
It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.
Jeffrey Marshall
Asset protection S-Corp LLC or both?
21 November 2018 | 12 replies
It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.
Kevin Ferguson
Self Storage Investing - Pros vs Cons
29 November 2018 | 5 replies
Now I'm just a little late to this thread (out of the country on a house-build missions trip followed by the Thanksgiving Holiday) and can see since then one post has been removed, I would assume which is due to BP has a policy of how much self promotion one can do, and I try to toe that line.
Jung Won Kim
How To Find a Mentor - Apartment Syndications
26 November 2018 | 15 replies
Also, when I say skill set, it needs to be something that will directly help their business, examples include developing and implementing a social media marketing program for their company, being a deal finder with a concrete plan of how you can find them off-market opportunities, being skilled in excel-macro VBA programming such that you can automate and improve their underwriting process.
Sheena Lee
Info to collect on tenants-in-place
23 November 2018 | 7 replies
(I am not getting anything but names from the seller---he is very sloppy) 1) What info should I obtain—was planning to get full names, work info, phone (the obvious stuff). 2) In terms of social security numbers, do I have to explain to them why I am asking for this?
Amy Thatcher
Eviction at Christmas: Scrooge or Good Business?
28 November 2018 | 29 replies
I asked on the 18th if they had the balance of the rent and was told no (mother's social security issue).
Michael Morrongiello
Pin Point Profits - Worth the Hype?
12 September 2019 | 11 replies
They seem to be asking $1,000+ to BUY IN Has ANYONE tried using it to see if it has produced results for them in the following areas:1) Ease of use & interface- reasonable learning curve2) Accuracy of the Data (Property owners Phone #s, Email addresses, Social Media contact info, etc.)3) Any hidden ongoing costs?
Armando P.
How Much Personal Information Do I Share with Existing Tenants?
26 November 2018 | 29 replies
The same could be said of any social media connections like Facebook.I recommend setting up a Google voice account that is for tenant use only.
Mack Owens
Pros and Cons of turn-key and fixer upper rentals?
28 November 2018 | 12 replies
Mission statement “Both Business & Life”( business is great but must know what we want in life as well )4 D’s In Life and Business and life(dedication, direction, drive, desire)Market Cycles ( understanding where we are today and heading tomorrow)Rush and Real Estate( never together in this business)Passion, Patience & PersistencePassive IncomeStop and Enjoy LIFE!
Joshua D.
Money,Net Worth and things people dont wanna talk about?
5 December 2018 | 11 replies
The average must be skewed by a small number of the ultra-wealthy.I'd much rather talk about money than typical social media nonsense.