In this roundup, we ask “How much is enough?” Also, I explain the Delaware Statutory Trust and we learn how Jordan Frey spends his cash.
Carpe Diem MD
In this thought provoking post, Ian asks the question: How much is enough? This question applies to many aspects of life, but especially with real estate investing. Each property bringing at least some incremental set of worries and time commitment, so Dr. Cook encourages us to evaluate the necessity and expected benefit from each new acquisition. For Ian and his wife, this question will help guide the expansion of their short term rental portfolio.
Read the original article on Carpe Diem MD: How Much is Enough?
The Darwinian Doctor
This past week, I finally published the post that a lot of California real estate investors have been asking me to write. It’s about the use of the Delaware Statutory Trust for real estate asset protection, and is a way around the draconian California franchise tax on LLCs.
It’s a confusing topic, but this is my best attempt at shedding some light on it!
Read the article on The Darwinian Doctor: Delaware Statutory Trust: Asset Protection for California Real Estate Investors
The Prudent Plastic Surgeon
In this post, Jordan Frey shines a spotlight on the way money flows into and out of his household every month. This detailed post has a great breakdown of where all his family’s money goes, even accounting for 1% for gas and 1% for clothing!
This was really interesting to me, as in the past I’ve done a similar detailed breakdown of my family’s spending as well. Our allocations are startlingly different and reflect different choices about lifestyle, saving, and housing. I didn’t account for every dollar in my own analysis, though, so I’m interested to revamp this in light of our complete financial picture now.
Read the article on The Prudent Plastic Surgeon: Mapping Out My Money Flow
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