Danny Ondik
Who to talk to in order to get all tax advantages?
29 November 2018 | 11 replies
You have to be realistic and put yourself in their shoes...they're running a business and trying to make a living too.
Alex Tobias
Where do you get information that determines market cap?
17 December 2018 | 9 replies
--Self storage, Mobile home parks for example
Account Closed
Bigger Pockets Content enough?
29 November 2018 | 5 replies
My favorite quote- "Don't take advice from people you wouldn't trade shoes with."
Kenneth Garrett
The best of Passive Income
28 November 2018 | 0 replies
Storage units, vacation homes, short term rentals, private lending just to mention a few.The advantage of rental units provides 4 conceptsMortgage Reduction - Tenants pay mortgage which pays down the principle.Tax Deductions - Operating a business provides the ability to have write offs.Appreciation - Property increases in value over time.Positive Cash Flow - The ability to put money in your pocket with little active involvement.Mark Kohler (attorney and cpa) describes it this way.Buy a property for 100,000 10,000 down payment 90,000 mortgage Mortgage Reduction - PITI reduces mortgage by 2000 - 20% ROI Tax Deductions - Average cash flow property loses 6000 at 30% tax bracket our return is 2000 20% ROI Appreciation - We will use 5% it equates to 5000 50% ROI Cash flow of 100 each month or 1000 each year 10% ROITotal return is 100% Buy a rental each year and set yourself up for generational wealth.So be boring and be wealthy.Have a great time investing.
Shane H.
How to structure Profit Sharing w staff/employees????
1 December 2018 | 8 replies
I'll continue to do that next year with our only goal of updating the small house we live in now and adding a storage shed.I went into this not quite knowing how I'd do things but in the back of my mind I always had the intentions of when I owned a business be it a full fledged RE investment only business or this ALF business I'd give some of the profits to the staff/team members.I have no idea how to structure it and how much to give to staff/keep in the business - my idea was to try to pay out 10% profits to the staff - 3.5% to our exec director, 1.5% to our nurse and either 3% or 5% split up and paid to our hourly staff.
Jyoti Gupta
Strip Mall or NNN on 2 acres of vacant land in Fredericksburg, VA
4 December 2018 | 3 replies
These [This] district should be located only where all necessary public utilities are available and where transportation systems are adequate.Uses permitted by right:Aquaculture.Automobile assembling, disassembling, painting, upholstering, repairing, rebuilding, reconditioning, body and fender work, truck repairing or overhauling, tire retreading or battery manufacture.Building materials sales and service yards.Commercial kennels.Contractors equipment and storage yards.Convenience center.Convenience store.Data and computer services centers.Fleet parking.Flex office.General office uses.Hotel.Laboratory, research and testing.Light industrial uses.Light manufacturing uses.Machinery sales and service.Microbrewery in accordance with subsection 28-39(w).Motor vehicle rental.Parking and storage of tractor trailers.Printing, publishing, engraving.Public facilities/utilities but not including propane and heating fuel distribution facilities, generating facilities, substations, switching stations and wastewater treatment facilities which are permitted as a conditional use permit.Public parking lot.Public works excluding wastewater treatment facilities.Railroad sidings.Restaurants without drive-through.School, vocational.Selected indoor recreational enterprises within industrial parks.Storage warehouse.Veterinary clinic.Vocational school.Warehousing, mini-storage.Welding or machine shops (including the use of punch presses not to exceed fifty (50) tons rated capacity).Wholesale business.Conditional use permit:Adult business.Airport, private.Boat sales.Brewery.Clinic, medical and dental.Communication facility.Distillery.Drive-through.Dwelling for watchman or caretaker on-premises.Low intensity commercial retail not otherwise listed.Medium intensity commercial retail not otherwise listed.Microbrewery, in accordance with subsection 28-39(w), with facilities for events such as weddings, parties, and/or events with two hundred (200) or more attendees.Motor vehicle sales.Other light industrial and manufacturing uses not otherwise listed for this district.Place of worship.Public facilities/utilities for propane and heating fuel distribution facilities, generating facilities, substations, switching stations and wastewater treatment facilities (except for the expansion or modification to a wastewater treatment facilities existing prior to October 17, 2006).Recycling facilities.School.School, industrial.Truck stop.Vehicle fuel sales.Here are some questions I have:1.
Lee Ripma
Installing outdoor storage at multifamily buildings
5 December 2018 | 1 reply
We just closed on some apartments in Los Angeles and I'm interested in adding outdoor storage units that we can rent out.
Piriya Srisathit
Keep or remove the car port?
5 December 2018 | 8 replies
If you have a hard time selling, you might want to consider adding a small shed out back for the storage that was lost by the garage conversion.
Joe P.
Well, that escalated quickly... (tenant accused me of stealing)
4 December 2018 | 29 replies
You can also talk to your sub and let them know that if one of their workers took it to return it no questions asked In general I try to put myself in the shoes of others and think about it from their POV this approach has always helped me in challenging situations
Brian H.
Going to be a brand new landlord on 12/28... would love advice!
7 December 2018 | 18 replies
I have been forced to upgrade to a Toyota RAV4 with 40,000 miles on it that I intend to drive into the ground.Self-managing landlords should maintain a uniform of nondescript elderly cars, beat-up jeans, stained shirts with holes in them, cheap shoes with heavily worn soles, and maybe a heavily stained hat.