How Does Your Vote Compare to Other Real Estate Investors?

And those year end property tax notices are starting to arrive. How many of you have been contributing to your sacred TRIMVC (Taxes, Repairs, Insurance, Maintenance, Vacancy, Capital Expense) accounts throughout the year and have the cash ready to pay?

71% = Yes, I’m prepared and ready!
21% = Wait, you have to pay property taxes on rental properties??
7% = No, I haven’t been contributing. 

On average, how long do your units sit vacant during a tenant turnover?

63% = 2-4 Weeks
37% = 1-2 Weeks 

Agree or Disagree: Your 401k is simply a prison sentence for your capital.

42% = Nope, depends on your tax knowledge & strategy
26% = Agree
20% = Disagree
8% = A tool to use while you’re employed to buy RE with a 401k loan
2% = never pass up an employer match, then transfer to a SDIRA

Would You Rather: 

73% = $1 Million in Cash
27% = $2 Million in Credit

Financial Freedom vs. Financial Independence 

73% = Financial Freedom
27% = Financial Independence

What’s your prediction on the direction of interest rates? Increase, Decrease, Stay Flat? 

87% = Increase
10% = Stay As-Is
3% = Decrease

What was your effective tax rate for 2017?

(or 2016 if you haven’t filed yet)

28%  = 15-20% Tax Rate
22% = 11-15% Tax Rate
22% = 5-10% Tax Rate
22% = Other Amount of Tax Rate

Negative Cash Flowing Property: Asset or Liability?

92%  = Liability
5% = Asset
3% = Owner is the Liability for not correcting the issue

Would You Rather…in a newly acquired rental…

74%  = Place your own tenant (yourself or PM)
26% = Inherit tenants

How do you read? Audio or Physical Paper?

69%  = Audio while driving/working out
31% = Read while relaxing/sippin’

Paid Learning / Mentoring: Have You Used It? Would You Ever Use It?

50%  = Would Consider Paying
18% = Self taught, so I can teach to others thru my own mistakes
14% = Have paid and it was a mistake
14% = Have paid and it worked out well for me
5% = Would never pay any amount