Michael McDevitt
Why Do Applicants Lie About Income? Frustrated vent!
I know this comes with the territory, but it is frustrating! I had a very nice couple with a young daughter come look at my nicest rental home (4,300sq ft with $2,800 rent). They were a little young, but both were co...
Alex Price
What percent of income is positive Cashflow for large portfolios?
For large real estate investment companies (100 unIts+) with in house leasIng, management and maintenance. What percentage of income is generally positive cash flow? Where I live there are companies who own 10,000+ un...
Joel Cannonball
S-Corp Election Form 2553 for new LLC
I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...
Alex Rodeberg
Does hiring in-house management make sense for small investors?
My father and uncle own 124 residential units with cashflow around $520,000/yr. This isn't including a management since they currently do it themselves. They are now looking to wind-down and focus on commercial proper...
Mike Knowles
Solo 401k self employment requirement
Hi all,
I've read through most of the threads related to SDIRAs and Solo401ks on the first dozen pages of this forum, as well as info at some other sources. One question I still have about Solo401ks, though, revolve...
Jay Hinrichs
PPP loans who has actually gotten approved for one of these loans
Just curious if anyone has tried for one of these and actually gotten approved?and if so how was the process ?
Gary B.
Resident Manager duties
Hi Fellows,I have a 27 unit apartment complex. I inherited resident manager and she does not much but I still have to keep her on property manager’s payroll that I had to pay anyways. I wanted to ask what sort of duti...
Brandon Addison
Are there Solo 401-K-like options for Independent Contractors?
I've done some reading on the advantages of Solo-401K options (this article was awesome!).I am hoping to use funds from my adjunct teaching to invest in real-estate and was hoping I'd be able to shelter this income by...
Erik Garland
I need manual labor help
Easy question folks. I have an LLC of SFH rentals. I have 0 employees. I do most all renovation my self, but with a 2 year old I want to be home more. I don't want to lose so much money to outsourcing the work com...
Richard Cole
Expense Forecasting... Lessons learned from the field
Hello everyone, After some hefty pest control expenses from several building that we manage, we realized that pest control was not a line item we had when running our annual expense projections on a building. However,...