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All Forum Posts by: Abdul Shishi

Abdul Shishi has started 0 posts and replied 79 times.

Your presentation can be all glossy and shiny. 

But lenders will want to see your contributions to the deal. 

Originally posted by @Caleb Heimsoth:

Alec McGinn I guess it depends on a bit of who you are personality wise. I’m all about paying people to do things They’re better at then me, so I can focus on what I’m best at.

So I pay my account around 600 bucks to file my taxes. If I used turbo tax it’d take hours of my time and save me a couple hundred bucks. Not worth it for me.

I don’t have scheduled sit downs with my cpa. I email him questions as I have them but other than that, that’s about it. He’s in another state so it’s all done remotely.

I’ve got a few rentals and really none of this changes unless I join a partnership or something like that.

 Doing ones own tax returns makes one realize how much you not making in cash flow.  

Say you expected $1,000 a month. Seeing what you actually got is best seen by doing your own taxes.

That TK you thought was giving you 12% actually gave only 7%.Happens every year to me. 

I'm not a fan of TK. 

Post: Found a multi-family home, 49000$

Abdul ShishiPosted
  • Posts 82
  • Votes 40

Yes they can be fixed and flipped. 

You ever heard Skin in the Game. You need a healthy dose of it.

Post: Found a multi-family home, 49000$

Abdul ShishiPosted
  • Posts 82
  • Votes 40

It's reasonable. 

If contractors judge men by their hair. What criteria do they use in judging Girls?

This can't be real. You haven't seen what you bought. Who did the assuring?   Please don't say the wholesaler. 

Is it even legal?

You have an EZ out.  The  CAT. Unless she comes back with the CAT is a service cat.

I find it hard to believe you will net $650,000 after 1st year with a moderate amount of kids.

I got $150,000 doing nothing. I'd jump at your deal... If you did some major league convincing. Show some numbers how you net $650k.