14 April 2024 | 885 replies
Hi kim u can read my experience below Monthly payments using the cycling cc methodTo pull the cash from the cardsHere’s how we planned to go about it Create two completely separate businesses completely different names address phone numbers etc. open up business bank accts for those businesses at two separate banks Create a business PayPal acct attached to those bank AcctsHave business ABC write up a contract for let’s say a consultant job and bill via PayPal business XYZ for x amount of dollars (as u are able to PayPal much larger sums under a business acct with PayPal)business XYZ receiving the bill pays the bill to business ABC PayPal acct with their cc from fund grow Once the monies post to the business ABC PayPal acct he cashed it out to his business bank acct withdraw the funds and distribute amongst necessary parties (best of u do this with a trusted business partner spouse etc other than that someone may charge u for the service) Now for tax purposes business XYZ request a refund and the release of monies back from business ABC to business XYZ will clear business ABC from any tax liability
9 September 2017 | 33 replies
@Shil Shirol, I know parts of 78758 can be rough (cough...East Rundberg), but The Domain is also in '58, so that doesn't say a lot.
30 March 2017 | 16 replies
They say a journey of a thousand miles starts with the first step, so I applaud you for jumping in.As a side note, if you don't follow the BP blog yet, it is a great source of information on varied topics.Here is a recent one arguing against the "build massive cashflow wealth in no time with rentals" gurus preach.
18 April 2017 | 6 replies
I'd say a savings or money market account is safest.
9 March 2015 | 277 replies
Say a $100k will generate 5% profit, $5000 in a year.
14 November 2023 | 151 replies
But as far as cash flow all my rent increases were eaten up by the increase in property taxes as the value rose, so it's a myth to say a turd can get better with time. 3% return now could be 3% in 20 years.
19 September 2023 | 241 replies
Thank you @Lora Stone for sharing the info along with the photos that you took of their factory (pictures say a thousand words).
21 January 2021 | 191 replies
The monthly variation in ACTUAL cash flow is part of the risk that allows us to demand a proportionally higher return from our investment than say a physical bond with a defined coupon rate.
1 July 2021 | 50 replies
My point was that what if for reasons such as say....a pandemic, that you are unable to collect rent for a year.
1 May 2022 | 55 replies
You don't need an economics degree to see that rates and values are rapidly increasing.Read our data expert @Dave Meyer's take on it here" https://www.biggerpockets.com/...While it's likely many of us would say "as long as I'm getting cashflow, appreciation,... fill in the blank", I'll continue to invest, others may not feel the same.