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All Forum Posts by: Scott Johnson

Scott Johnson has started 47 posts and replied 611 times.

Post: DealLock CashFlow Board Game Night!

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Come join us Every 3rd Thursday of Each Month and play The Rich Dad Company's CashFlow the Board Game! 

Whether you're an experience investor looking to hone your skills/network or a new investor wanting to learn the ropes, we'd love to have you out! CashFlow helps you develop a firm foundation for your Financial Education! Failing is the best way to learn, but make those mistakes with FAKE money whenever possible!

Each session will have a 5-Minute "Smidgen" which gives you actionable information you can implement in your Real Estate Investment business right away!

Agenda
7:00 PM Pledge of Allegiance (If you don't like it, don't come)
7:01 PM Prayer
7:04 PM "Smidgen"
7:09 PM Play CashFlow Board Game
9:00 PM Cleanup and Networking
9:30 PM End

BE ADVISED

*** WE ARE AN EDUCATIONAL MEETUP AND DO NOT PROVIDE INVESTMENT ADVICE! Please speak to a qualified Financial Planner or CPA prior to investing ***

*** PLAY MAY BE LIMITED BY THE NUMBER OF GAME BOARDS WE HAVE! If you have a CashFlow Game, feel free to bring it, but YOU are responsible for keeping track of it! Players who do not respect other's games will be asked not to return ***

*** NO DEAL PROMOTION DURING GAME TIME, so everyone can focus on having fun and learning! If you have a deal to promote, please do so in the designated Networking Time ***

*** If you're a Real Estate Professional (insurance agent, private/institutional lender, broker, contractor, etc) and would like to do a Smidgen and join our Alumni, please contact Scott Johnson to get scheduled! Alumni in good standing will have the opportunity to be on our future Local Investor Referral List ***

Post: DealLock Real Estate Investor Social Meetup

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

UPDATE! This event will be located at LOGAN'S ROADHOUSE on Greenville, Blvd. 

Facebook Event Link: https://fb.me/e/1pttaOALH

Post: Break Even Formula Validity?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384
Quote from @Chris Seveney:

@Scott Johnson

Simple. Let’s say inflation is 5% and you are in a 24% federal bracket and 5% state (29% total).

Your break even with inflation is 5%/(1-.29)

So your investment would need to make 7.04% to keep up with inflation on a net basis.


 Love it! That helps a ton!

What is your preferred source for inflation numbers? I've been told the CPI tends to be skewed.

Post: Break Even Formula Validity?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Hey, everyone! 

I learned about a formula today that I'm trying to wrap my head around. It calculates the percentage return one would need in order to confirm an investment is "moving ahead" as opposed to tracking behind the Inflation and Personal Taxation rate:

B = I / (1 - R)

B = Break-Even Return

I = Inflation Rate

R = One's Personal Effective Tax Rate (Federal & State)

Is anyone here better with math who can elaborate on whether or not this makes sense to them and why?

Thanks!

Post: DealLock Real Estate Investor Social Meetup

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Come join us for our Real Estate Investing Social Meetup! Rub shoulders with Wholesalers, Rehabbers, Brokers, Lenders and other Real Estate Professionals in our industry! Even if you're just wanting to learn more about investing, you should be there!

We'll begin the meeting with a "Name-O-Rama" so you can tell everyone about yourself and what you're looking to accomplish. Don't be afraid to step up to conversations just to listen in! It's a great way to learn! (Just avoid make a Guy Fawkes face when you do it... don't ask me how I know...)

Time allocated for Wholesalers & Brokers with deals to give details.

The purpose of this meetup is purely for socializing and networking. Be sure to bring business cards!

7:00 PM Pledge of Allegiance

7:01 PM Prayer

7:02 PM Wholesaler & Broker Deal Shoutouts

7:07 PM "Name-o-Rama" (Who you are, What you do, What you're looking for)

7:17 PM Open Networking

9:30 PM End

BE ADVISED:

*** WE ARE AN EDUCATIONAL MEETUP AND DO NOT PROVIDE INVESTMENT ADVICE! Please speak to a qualified Financial Planner or CPA prior to investing ***

Post: DealLock CashFlow Board Game Night!

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Link to Facebook Event: https://fb.me/e/13rrCVTTo


Come join us Every 3rd Thursday of Each Month and play The Rich Dad Company's CashFlow the Board Game!Whether you're an experience investor looking to hone your skills/network or a new investor wanting to learn the ropes, we'd love to have you out! CashFlow helps you develop a firm foundation for your Financial Education! Failing is the best way to learn, but make those mistakes with FAKE money whenever possible!Each session will have a 5-Minute "Smidgen" which gives you actionable information you can implement in your Real Estate Investment business right away!


7:00 PM Pledge of Allegiance (If you don't like it, don't come)
7:01 PM Prayer
7:04 PM "Smidgen"
7:09 PM Play CashFlow Board Game
9:00 PM Cleanup and Networking
9:30 PM End

BE ADVISED:

*** WE ARE AN EDUCATIONAL MEETUP AND DO NOT PROVIDE INVESTMENT ADVICE! Please speak to a qualified Financial Planner or CPA prior to investing ***

*** PLAY MAY BE LIMITED BY THE NUMBER OF GAME BOARDS WE HAVE! If you have a CashFlow Game, feel free to bring it, but YOU are responsible for keeping track of it! Players who do not respect other's games will be asked not to return ***

*** NO DEAL PROMOTION DURING GAME TIME, so everyone can focus on having fun and learning! If you have a deal to promote, please do so in the designated Networking Time ***

*** If you're a Real Estate Professional (insurance agent, private/institutional lender, broker, contractor, etc) and would like to do a Smidgen and join our Alumni, please contact Scott Johnson to get scheduled! Alumni in good standing will have the opportunity to be on our future Local Investor Referral List ***

Link to Facebook Event: https://fb.me/e/13rrCVTTo

Post: Best lead generation sites

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384
Quote from @Jaudon Smith:
Quote from @Scott Johnson:

 Thx I went with Real Geeks for the moms saw your post after my decision.  I’ll still check carrot out though for future reference if it doesn’t work with real geeks 

Real Geeks won’t work unless you work it. 😉 Work it, brother! Best of luck!

Post: DealLock CashFlow Board Game Night!

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Come join us Every 3rd Thursday of Each Month and play The Rich Dad Company's CashFlow the Board Game!Whether you're an experience investor looking to hone your skills/network or a new investor wanting to learn the ropes, we'd love to have you out! CashFlow helps you develop a firm foundation for your Financial Education! Failing is the best way to learn, but make those mistakes with FAKE money whenever possible!Each session will have a 5-Minute "Smidgen" which gives you actionable information you can implement in your Real Estate Investment business right away!

7:00 PM Pledge of Allegiance (If you don't like it, don't come)
7:01 PM Prayer Request & Prayer
7:04 PM "Smidgen"
7:09 PM Play CashFlow Board Game
9:00 PM Cleanup and Networking
9:30 PM End & Prayer Requests

BE ADVISED:

*** WE ARE AN EDUCATIONAL MEETUP AND DO NOT PROVIDE INVESTMENT ADVICE! Please speak to a qualified Financial Planner or CPA prior to investing ***

*** PLAY MAY BE LIMITED BY THE NUMBER OF GAME BOARDS WE HAVE! If you have a CashFlow Game, feel free to bring it, but YOU are responsible for keeping track of it! Players who do not respect other's games will be asked not to return ***

*** NO DEAL PROMOTION DURING GAME TIME, so everyone can focus on having fun and learning! If you have a deal to promote, please do so in the designated Networking Time ***

*** If you're a Real Estate Professional (insurance agent, private/institutional lender, broker, contractor, etc) and would like to do a Smidgen and join our Alumni, please contact Scott Johnson to get scheduled! Alumni in good standing will have the opportunity to be on our future Local Investor Referral List ***

Post: CashFlow Board Game Night!

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Come join us Every 3rd Thursday of Each Month and play The Rich Dad Company's CashFlow the Board Game!

Whether you're an experience investor looking to hone your skills/network or a new investor wanting to learn the ropes, we'd love to have you out! CashFlow helps you develop a firm foundation for your Financial Education! Failing is the best way to learn, but make those mistakes with FAKE money whenever possible!Each session will have a 5-Minute "Smidgen" which gives you actionable information you can implement in your Real Estate Investment business right away!

Agenda
7:00 PM Pledge of Allegiance (If you don't like it, don't come)
7:01 PM "Smidgen"
7:06 PM Play CashFlow Board Game
9:00 PM Cleanup and Networking
9:30 PM End & Prayer Requests

Rules

1) Let People Fail!

2) Have Fun!

BE ADVISED

*** WE ARE AN EDUCATIONAL MEETUP AND DO NOT PROVIDE INVESTMENT ADVICE! Please speak to a qualified Financial Planner or CPA prior to investing ***

*** PLAY MAY BE LIMITED BY THE NUMBER OF GAME BOARDS WE HAVE! If you have a CashFlow Game, feel free to bring it, but YOU are responsible for keeping track of it! Players who do not respect other's games will be asked not to return ***

*** NO DEAL PROMOTION DURING GAME TIME, so everyone can focus on having fun and learning! If you have a deal to promote, please do so in the designated Networking Time ***

*** If you're a Real Estate Professional (insurance agent, private/institutional lender, broker, contractor, etc) and would like to do a Smidgen and join our Alumni, please contact Scott Johnson to get scheduled! Alumni in good standing will have the opportunity to be on our future Local Investor Referral List ***

Post: Anyone seeing drastic drop in STR Bookings?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384
Quote from @Travis Andres:

I’ve recently seen a couple of stories on social media about a so-called “crash“ with Airbnb bookings in several markets, so wondering if anyone who actually owns is seeing it firsthand?


 Hopping in here because my mom's RV Airbnbs have been wrecked the last few months. Only a handful of bookings, so she's needing to supplement with longer term tenants.