Is now a good time to sell some of my investment properties?

This is a more complex question than it may seem at first. From a simple perspective, you want to analyze what the true expected future rate of return is on the property including all costs such as maintenance, future upgrades, vacancy, taxes and more. Then compare that true rate of return with the other options you have for the money, accounting for differences in risk.

Also Covered:

High Valuations = Lower Expected Future Returns
Impact of taxes and transaction costs
Your desired life trumps the money

Investing, Tax Planning, Business AdvisingJoshua Escalante Troesh, CFPAugust 15, 2021Real Estate Investing, rental properties, Small Business, Business Owners

Coronavirus: How Does Payroll Protection Program Loan Forgiveness Work

ALSO COVERED:

May be forgiven vs. Will be forgiven
Is the interest forgivable?
What is the interest rate?

Business Advising, Life PlanningJoshua Escalante Troesh, CFPApril 8, 2020Young Families, Corona Virus, Covid 19, Debt Relief, Small Business, Business Owners, Self Employment, Independent Contractor, Government Aid, CARES Act, Payroll Protection Program

Coronavirus: Help for Small Business Owners & Self Employed whose businesses are impacted

The federal government has created the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Eligible business and individuals can borrow 2.5 x prior average payroll (up to $10 million) with no loan payments due for six months. If you maintain your workforce, the SBA will forgive 8 weeks of payroll plus certain other expenses

ALSO COVERED:

Eligibility and amounts available
How to get Loan Forgiveness
Applying for the loan and an advance

Business Advising, Life PlanningJoshua Escalante Troesh, CFPApril 1, 2020Young Families, Corona Virus, Covid 19, Debt Relief, Small Business, Business Owners, Self Employment, Independent Contractor, Government Aid, CARES Act, Payroll Protection Program

What should my fiancé and I do with the extra $7,000 we make each month?

Before worrying about strategies for saving and investing start by having a discussion about the goals you and your fiancé have for your life together; such as buying a home, having children, or even taking vacations. Then focus on how you can align your finances toward those goals. This discussion on your goals is the most important financial discussion you can have as it is the only one which directly connects to the life you want to build.

Also Covered:

INVEST MORE AGGRESSIVELY
OPEN A HEALTH SAVINGS ACCOUNT (HSA)
SAVE UP FOR A DUPLEX/TRIPLEX
SAVE UP TO START A BUSINESS
BUY A HOUSE

Investing, Life PlanningJoshua Escalante Troesh, CFPFebruary 11, 2020investment property, Investment portfolio, Starting Out, Building Wealth, Financial Foundation, HSA, Health Savings Account, Small Business, Business Owners, Marriage, Real Estate Investing

What Does California's AB5 Mean For My Business?

Business AdvisingJoshua Escalante Troesh, CFPJanuary 23, 2020Social Security, 401(k), Business Owners, Small Business, AB5, Independent Contractor

Can a Limited Liability Company (LLC) issue stock?

It is possible for an LLC to issue something similar to stock, called membership units. Just like stocks, membership units divide up the ownership of the company amongst the owners of the units, allow the owners to vote for the directors of the company, and give them rights to share . . . .

Business AdvisingJoshua Escalante Troesh, CFPOctober 30, 2019Entrepreneurship, Small Business, Limited Liability Company (LLC), Business Owners, Business Investors