Brian Willard
Gross Rent Multiplier Calculation
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 ...
David Gwilt
Single Owner S-Corp - Employment Tax Questions
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...
David Hite
Taxes on Interest, any benefit to buying late stage notes?
Good afternoon everyone! So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation). Is there any strategy t...
Account Closed
Explain how this adds up.
I'm reading " The Millionaire Real Estate Investor" by Gary Keller. On page 147-148 he gives an example of equity growth. In the last paragraph of his example he comes to the conclusion that equity in the amount of $1...
Carlos Ptriawan
Illegitimate bill from PMC
Two years ago I had to replace the HVAC, and got bid from Company A that was business partner of my PMC. But I end up using HVAC quotes from totally different company.Fast forward today, that HVAC Company A submit a b...
Shirley Moser
Maintenance of Heating and AC Units
Is it best to pay for a service or maintenance agreement for my rental home Heating and Air Condition systems and/or heat pump? Do most rental owners use these companies to do the annual check-ups?
Kelly Madden
Finding a down payment!
My husband and I are trying to get into REI here in Florida. Turns out that the guidelines are SUPER stringent. (Through a lender) Minimum down payment is 20%, no gifts allowed for help, closing costs are also out of ...
Christopher Pisz
HOA Uncooperative with questions on accounting
HOA Problems:
It all started when myself and a few neighbors had some questions regarding landscaping around the entrances to our neighborhood. We also heard about a park. Budgets and Actuals were asked for for the l...
Jonathan Doescher
Pension and 401k Options
I have a pension and 401k from a company I just separated from. My goal is to make enough passive income to “retire” in my 40’s ( 7-10 years) My wife and I are still employed, but my wife no longer can work overtime.W...
Rick Oaks
Credit card charge back
Has anybody been getting charge backs on their credit card for the COVID-19 virus for Vrbo rentals?