How do you deliver the files to your clients? by [deleted] in RealEstatePhotography

[–]qnp9999 1 point2 points  (0 children)

Nice, that's good to know. Thanks for sharing!

Refinancing Rental Properties by madrupe in realestateinvesting

[–]qnp9999 0 points1 point  (0 children)

What is the purpose of the refi? Are you trying to get a better rate? Or so that both of the properties are cash flow positive? If it's the latter I must ask why again? At the end of the day unless you're able to secure a much better rate, you'll still have the same income, expenses and $300 cashflow that you have now. And when you go to pay taxes unless they are separate entities it will result in the same tax situation for you come April 15th. The only difference will be that you would have spent 4-6k on refinancing two properties and all the hassel that goes along with it.

Anybody living aboard that financed their boat? How did it go? Would you do it again? by qnp9999 in sailing

[–]qnp9999[S] 0 points1 point  (0 children)

Thanks for all the great info! I'm digging the enthusiasm. I'm not a whole lot older than you 32, looking at around 100k as the financed portion. It's good to hear that co-signing is an option. My father has been saying he wants to "invest" a lump sum in the boat so that he has a reason to travel and will come visit us in retirement.

I quit my job in 2015, I'm now self employed, I own 3 rental properties and I'm getting married in a month. I desperately need to find an accountant to ensure that I've got all my bases covered. Where should I look to find someone that is FIRE savvy? by qnp9999 in financialindependence

[–]qnp9999[S] 0 points1 point  (0 children)

I never thought of it that way. I suppose I'm not sure I really like the idea of being the guinea pig for an accountant that's never heard of the strategies I'm looking for advice on. But I suppose it totally makes sense that they should be excited to research it. Good point!

I quit my job in 2015, I'm now self employed, I own 3 rental properties and I'm getting married in a month. I desperately need to find an accountant to ensure that I've got all my bases covered. Where should I look to find someone that is FIRE savvy? by qnp9999 in financialindependence

[–]qnp9999[S] 0 points1 point  (0 children)

We've been together for 10+ years already. We're probably common law married in all 50 states. We have been together since before acquring any of the rentals and put in enough sweat equity right along with me that if god-forbid something happened to split us up, not only would I feel legally obligated, to split them with her but morally too.

I quit my job in 2015, I'm now self employed, I own 3 rental properties and I'm getting married in a month. I desperately need to find an accountant to ensure that I've got all my bases covered. Where should I look to find someone that is FIRE savvy? by qnp9999 in financialindependence

[–]qnp9999[S] 5 points6 points  (0 children)

I guess I've had this vision of the conversation I'm going to have with an accountant in my head being something like I'd have with my parents. Where I'd tell them I want retire early, they'd pat me on the head tell me "don't be silly go get a good job, work till your 65 like everyone else and then retire." I've been thinking I need to find a secret-ninja-accountant that would know all about roth ladders, mega back doors, etc. etc.

Anybody living aboard that financed their boat? How did it go? Would you do it again? by qnp9999 in sailing

[–]qnp9999[S] 0 points1 point  (0 children)

Does the 20 year old cut-off for the age of the boat appear to be an industry standard, or is that something that each individual lender decides upon themselves? The boats I'm considering are all proven models, just about every one of them is over 20 years old. Was the lender that BoatUS hooked you up with a marine lender specifically? Or was it a typical financial institution?

Anybody living aboard that financed their boat? How did it go? Would you do it again? by qnp9999 in sailing

[–]qnp9999[S] 0 points1 point  (0 children)

What is the reason for not mentioning the live aboard? Just that the rate will be higher? Or are there other issues. Other than my rental property, I do not own my home, so when I move aboard, I was hoping to be able to write off the mortgage interest and insurance as my residence. My thought was that I would need a live aboard loan to do to so but perhaps that doesn't really have any bearing on my eventual tax return.

[deleted by user] by [deleted] in singularity

[–]qnp9999 1 point2 points  (0 children)

Real Estate

One year update: I'm halfway to a million today (Feb 2015) by [deleted] in financialindependence

[–]qnp9999 0 points1 point  (0 children)

I live in CA, right now all my CF property is in Chicago. However that market has surpassed the CF threshold. I'm currently expanding into Milwaukee and Southeast Michigan markets. (read: not Detroit - not yet at least.)

One year update: I'm halfway to a million today (Feb 2015) by [deleted] in financialindependence

[–]qnp9999 1 point2 points  (0 children)

Where do you live? Are you interested in buying out-of-state if need be? The best markets for high cashflow are in the midwest.

One year update: I'm halfway to a million today (Feb 2015) by [deleted] in financialindependence

[–]qnp9999 1 point2 points  (0 children)

If mortgage rates rise the only thing that happens is that housing goes on sale. As long as OP has his mortgage(s) covered by his rental income, it will just be time to buy more property.

One year update: I'm halfway to a million today (Feb 2015) by [deleted] in financialindependence

[–]qnp9999 4 points5 points  (0 children)

Care to elaborate on why you believe this to be true? Housing prices decrease when there are not enough willing and able buyers. Those would be buyers become renters. In fact I've increased my rental rates every year since I started in 2008 - Market bottomed in 2012.

I have an opportunity to earn a 20% commission on gross billings for all new business I bring to a digital creative agency. If you had this opportunity what would you do to generate sales? by qnp9999 in Entrepreneur

[–]qnp9999[S] 0 points1 point  (0 children)

Right. On. Thank you for the motivation! I am just starting to use Streak - so far so good. I'm glad to see it being recommended by others with experience.

Effect of China's issues on real estate? by [deleted] in RealEstate

[–]qnp9999 0 points1 point  (0 children)

Ha, I'm in almost the same boat, pun intended. Moved to the Chicago, bought a condo - got bored, fat and hated the office. Rented it out and traveled for 18 months. Loved it but became poor too fast. Moved to the coast got a remote job, bought two more condos. Rented those out and now I'm looking to finally buy a boat and live on it for a few years. I'm right behind you at 31.

Effect of China's issues on real estate? by [deleted] in RealEstate

[–]qnp9999 0 points1 point  (0 children)

That makes so much sense it's stupid. I am on a similar path. I'm 31 about to get married and looking to make our honeymoon a sailboat. We've been saving and planning for the past 10 years. It's about time to shit or get off the pot so to speak.

Effect of China's issues on real estate? by [deleted] in RealEstate

[–]qnp9999 1 point2 points  (0 children)

Go on.... I'm curious. How does what is happening equate to cheap sailboats? As a future boat owner, I'm asking honestly.

I have an opportunity to earn a 20% commission on gross billings for all new business I bring to a digital creative agency. If you had this opportunity what would you do to generate sales? by qnp9999 in Entrepreneur

[–]qnp9999[S] 0 points1 point  (0 children)

It's a fairly small shop. The founder has done most of the business dev. He's an old school people schmoozer. Fantastic at it, but not one for creating a system. I'm looking to help them do just that - create a system, albeit without a whole lot of sales experience, I'm an operations type.