How Does Your Vote Compare to Other Real Estate Investors?
Here is a review of how members of the Real Estate Investing for The W2 Employee Facebook Group polled in 2018. How do you measure up?
Join us! We want to see your vote & read your opinion!
November 7, 2018
And those year end property tax notices are starting to arrive. How many of you have been contributing to your sacred TRIMVC (Taxes, Repairs, Insurance, Maintenance, Vacancy, Capital Expense) accounts throughout the year and have the cash ready to pay?
71% = Yes, I'm prepared and ready!
21% = Wait, you have to pay property taxes on rental properties??
7% = No, I haven't been contributing.
October 8, 2018
On average, how long do your units sit vacant during a tenant turnover?
63% = 2-4 Weeks
37% = 1-2 Weeks
September 30, 2018
Agree or Disagree: Your 401k is simply a prison sentence for your capital.
42% = Nope, depends on your tax knowledge & strategy
26% = Agree
20% = Disagree
8% = A tool to use while you're employed to buy RE with a 401k loan
2% = never pass up an employer match, then transfer to a SDIRA
September 27, 2018
Would You Rather:
73% = $1 Million in Cash
27% = $2 Million in Credit
September 25, 2018
Financial Freedom vs. Financial Independence
73% = Financial Freedom
27% = Financial Independence
September 23, 2018
What's your prediction on the direction of interest rates? Increase, Decrease, Stay Flat?
87% = Increase
10% = Stay As-Is
3% = Decrease
September 13, 2018
What was your effective tax rate for 2017?
(or 2016 if you haven't filed yet)
28% = 15-20% Tax Rate
22% = 11-15% Tax Rate
22% = 5-10% Tax Rate
22% = Other Amount of Tax Rate
August 23, 2018
Negative Cash Flowing Property: Asset or Liability?
92% = Liability
5% = Asset
3% = Owner is the Liability for not correcting the issue
August 23, 2018
Would You Rather...in a newly acquired rental...
74% = Place your own tenant (yourself or PM)
26% = Inherit tenants
July 9, 2018
How do you read? Audio or Physical Paper?
69% = Audio while driving/working out
31% = Read while relaxing/sippin'
August 29, 2018
Paid Learning / Mentoring: Have You Used It? Would You Ever Use It?
50% = Would Consider Paying
18% = Self taught, so I can teach to others thru my own mistakes
14% = Have paid and it was a mistake
14% = Have paid and it worked out well for me
5% = Would never pay any amount
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