Why do many wealthy people wait so long to retire? Despite earning a physician’s salary, living frugally, and saving what most would call “more than enough” money, today’s guest worked for another four years before pu...
Hi everyone, I am trying to get a quote for PM cost in Columbia, SC. I have only called 1 Property Management company. They charge 10% monthly rent + annual fee + 50% first month rent (marketing fee) + lease renewal f...
Alright ladies and gents, I'm looking for some help! Total newbie alert!
I can't seem to make any house hack make sense!
Example 1:Triplex (3 bedroom unit, 2 bedroom unit, and a 1 bedroom unit)Purchase price = $24...
So I've been having a hard time finding the right CPA. My current one is not working out. We currently have two properties in different states and are also doing a JV on a 24 unit. My current accountant wants $125 for...
This is my first Property Analysis so any suggestions would be welcomed.
I am using IPWare version 3.3.4 to do this. Anyone know of a good Property Analysis software pkg.
I have been speaking with a Seller who has a...
Hello,
I own two duplexes under the name of two Florida LLC's that I created using sites like rocketlawyer.com. I rent the duplexes and use the LLCs as well as liability insurance to protect my LLC and personal name...
If one lives in Los Angeles and is planning on buying property in state and out of state Ex: Ohio, North Carolina, Florida, (just to name a few). Do I start my LLC in California then use it to buy out of state in thos...
I am evaluating this property in Pembrooke NH: http://www.trulia.com/property/3227970400-116-122-...It would be very helpful to get some feedback on the numbers and area.The property has 5 apartment units and 3 commer...
I'm trying to understand my numbers. I ran a BRRRR report and it was laid out the following:ARV $275,000Estimated Repairs $17,250Purchase Price of $175,250 (70% of ARV - repairs) Assumed Gross Annual Scheduled Income ...
My wife just recently formed a corporation in CA and elected S-Corp status with the IRS (via form 2553). I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to fin...