Phil Long
Economic Model for Flipping Business
Can anyone share their Economic Model for a flipping business? To clarify....if you made $1mil in revenue, and $400K in profit for the year, the 60% in expenses would be broken down by what? I'm guessing it would lo...
Chudney Wesley
DTI ratio too high because I haven't had my rental properties for 2 years?
This summer I bought 2 rental properties cash, which are all rented and earning a good amount of income. I am now tapped out cash wise and would like to finance an additional rental property. A LO told me that becaus...
Gary Alford
How do you pay yourself?
Alright BP I love business discussions and I have what I feel is a good question for you that popped in my head while listening to one of the podcast earlier that I want to get your take on. How do you pay yourselve...
Account Closed
Student Loan Debt and REI
Hello!
I am potting this out there to see if anyone has had a similar experience or has any advice!
I am 26 and I have a mountain of student loan debt (230,000 ) Yikes! I currently live at home, and have been lear...
Kat Malkowski
100% Hard Money Lending or Other Creative Funding Options??
Since according to BP rules, I can't actually solicit for a lender, can someone at least tell me if they've had experience with this hard money lender - Do Hard Money (positive or negative)(Note: I make a good salary ...
Joe Splitrock
IRS Plans to Double in Size - What That Means for Investors
More tax news out of Washington. The administration announced doubling the size of the IRS over ten years. This reverses the trend during the last administration of reducing IRS staff and scaling back the number of au...
Simcha Davidman
Property Management on Midsize Multi-family Complexes
Hello all (and thanks in advance!),I'm looking for midsize apartment complexes (10-50) units, and I'm having some difficulty budgeting for property management expense. Here is my understanding:On sfr and small multi-f...
Danny Randazzo
Establishing Purpose – Setting Priority – Creating Success
Following my fifth birthday, I counted my $130 of birthday loot countless times. I would neatly organize the beautiful bills and carefully place them in my Detroit Red Wings tri-fold Velcro wallet. The day after my bi...
Patrick Philip
How to scale up my development business?
I've been building single family homes for a couple of years now. I now have lenders that are willing to lend to me. I plan to finish 10 houses within the next year. I am reaching the point where I can no longer manag...
Ben Skove
S-Corporation Compensation vs. Flow-Through Income
After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...