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All Forum Posts by: Ryan Logsdon

Ryan Logsdon has started 0 posts and replied 117 times.

Post: How Do You Pay Yourself?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Also, you can re-read my post, as I mentioned the exact phrase that you said to me,

.

Again, this is to broaden Marie's horizons. It's not to give her the specificities of how to run her business. That's not my job nor yours.

Ryan

Post: How Do You Pay Yourself?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Steven Hamilton II of course the income from 1 property is going to be small and the LLC will be limited. This discussion is to broaden the understanding of what all possibilities are.

Now on the topic of setting aside office space, who would set aside half their house to write the bills to PM a propert? No one. But you can set aside a reasonable space to conduce business regardless of the amount of money you bring in.

Post: Lending Club?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Steve Babiak thanks. I came across that as well.

Post: Lending Club?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Chris Martin As the saying goes, you've found the devil in the details.

"Net of..." means "minus" or "without taking into account."

That's not to say it's deceptive. It's plainly not. However, it will lull the unassuming investor into a false sense of security. It'll make David Beard's link look good.

It's used to explain the results of performing loans without those loans that are in default detract from the bottom line.

This is common. You see it in other forms in the S&P where under-performing stocks are removed from the list and replaced. That would be net of under-performance (EDIT: this is really a stretch of an example.. there's no net of under-performance, but I hope you understand the point that it serves a purpose and is commonly accepted in use).

Edwin E. A friend's dad pitched the same thing to me a few years back. Until you mentioned it, I hadn't heard of anyone else running into that. Different company though.

Post: Lending Club?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

LOL! Good luck in deed David Beard and Kenneth LaVoie

Post: What would YOUR next step be? Mostly newbie needing guidance.

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

I'm right there with John Chapman - option C.

The assumption is that you can make more with your investments than you lose from tax debt. When you follow the greatest level of interest, be that earning positive interest from investments, or paying the APR from your own debt, you make the strongest use of your assets at hand.

A further caveat, if option B leads to a better stream of income and less risk while building equity, I'd opt there.

Post: Lending Club?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Maybe you can do as you've asked. Vet the information on the link that you posted.

As you've chided, you don't know me. Why trust me?

Post: Lending Club?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

David Beard no, but thank you for the invitation.