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#367457 - 02/20/11 07:45 AM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: Doin' bpose]
MontyC21 Offline
Member

Registered: 12/27/07
Posts: 410
Loc: Virginia
I stopped using coupons, but I did win a $50 gift card at our tradeshow. Do I have to report that?
_________________________
Reneé

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#367474 - 02/20/11 09:45 AM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: MontyC21]
bpojoe Offline
Member

Registered: 08/12/07
Posts: 238
Loc: florida
2016 bpos las year...

total income this with sales, rentals and such--maybe 150-175k...
that is with my wife of course! there are some losses but i also gained 100k this year in my house so i guess it is all subjective!
about 1/2 what i did with flat fees.

what i am really amazed at though is how much many do make doing bpos..

for the average american--6 figures is a heck of lot of money...
i do remember the time i would have killed for 1/2 of that..
but i am just a po-boy from Indiana--where my mom has never made more then the low 20's.
i doubt that 80% of realtors break 30k. i do not think most americans make much more than 30k--

unless you are in poli-tricks of course--then you really get paid!hehe
good luck in 2011--home we all stay busy~

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#367493 - 02/20/11 11:56 AM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: JackREO]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
Originally Posted By: JackREO
Multiple answers were posted all related to real estate income and along comes one that states a questionable number and then back peddles claiming another source of income. 2.2 million, even at a 10% return, which is not that easy ROI in this economy, would indicate an initial investment of 22 million. Just some quick capitalistic math.
I believe many on this forum fully understand capitalism, many understand BS, and almost all can tell the difference. Save it for a more gullible group.


well, your fully understanding capitalistic math ignores the power of leverage, in your simplistic return calculation. This is inexcusable for anyone in real estate. uncommon success is more about identifying opportunities and staying ahead of the curve. Using economics terminology, this allows ABNORMAL profits. I would consider a 10% return a waste of my time and capital in business ventures. If you're content to take the leftovers the big players in the industry throw you...fine...I'm not.

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#367495 - 02/20/11 12:02 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: shana]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
Spoken like an agent with 9 active listings.
And the last to lines of my prior post remain.


Edited by JackREO (02/20/11 12:04 PM)

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#367520 - 02/20/11 04:40 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: JackREO]
BpoBill Online   content
Major Contributor

Registered: 09/24/06
Posts: 1967
Loc: US
Originally Posted By: JackREO
Spoken like an agent with 9 active listings.
And the last to lines of my prior post remain.


Dont bother listening to her. Nobody else does.

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#367521 - 02/20/11 05:34 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: BpoBill]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
Oprah listened. I agree, I let myself get baited.

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#367554 - 02/20/11 11:32 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: JackREO]
bpojoe Offline
Member

Registered: 08/12/07
Posts: 238
Loc: florida
anyone here can get 10-12 and even 15% on their money all day long.
if you are in real estate and have cash--hard money lending cannot be beat. a lot of solid guys are always looking for investors-but be careful, there are scammers.
i have guys doing very well and are very happy with that return.

one guy get his 12% and loves it..

for every 100k you get 12000 a year..
1 million?--just sit back and collect 120k minus taxes a year..
if i can stop making bad investments (mostly by paying dillweeds for crappy work)--i hope to make that my 'retirment' goal--
just fyi--
long term Plan C?

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#367625 - 02/21/11 02:44 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: shana]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
Originally Posted By: shana
"what did everyone make total for 2010?"

all of you sneaky posters didn't answer the question, which is asking for total dollar amount, not a percentage. I earned 2.2 million in 2010.


Since this is an RE forum what did you make in RE in 2010? Also, if you made 2.2 mil in 2010 why are you posting here and not on a beach somewhere? Also, since this was offshore income please give me your contact info as the IRS gives a 10% reward to those who report tax fraud. dancingguy
_________________________
"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind."
Dr. Seuss

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#367627 - 02/21/11 02:50 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: Grampa]
CandyMan Offline
Major Contributor

Registered: 07/12/08
Posts: 2480
Loc: California
Is "on the beach" and "I'm beached" not one of the same?....seems fitting.


Edited by CandyMan (02/21/11 02:58 PM)
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#367637 - 02/21/11 03:22 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: CandyMan]
Highest&Best Offline
Veteran Member

Registered: 08/17/07
Posts: 815
Loc: Houston, TX
Who kicked the rock she was hiding under???
_________________________
MBA, Realtor since 2004
Co-owner of two brokerages

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#367641 - 02/21/11 03:29 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: Highest&Best]
CandyMan Offline
Major Contributor

Registered: 07/12/08
Posts: 2480
Loc: California
Originally Posted By: Highest&Best
Who kicked the rock she was hiding under???


TB.......
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#367644 - 02/21/11 04:28 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: bpojoe]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Quote:
anyone here can get 10-12 and even 15% on their money all day long.


If you convert all of your money to pennies you can get a 300% return immediately, free of charge. You just need a place to store them. And shopping is a pain.

I forgot to add that your investment will never fall below it's face value.

Are those great terms or what?

Don't forget to get the pre 1980 ish ones. After then they took out more of the copper.

No fooling.


Edited by Doin' bpose (02/21/11 04:29 PM)
_________________________
Trust your Maker. Watch your manager.

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#367683 - 02/21/11 10:46 PM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: Doin' bpose]
bpojoe Offline
Member

Registered: 08/12/07
Posts: 238
Loc: florida
i forgot to mention the Glenn Beck -invest in Gold and guns program...

for those of a more 'evangelical' nature--never mind the whole false prophet/golden calf parables that heed an obvious warning to todays political environment---i see little chance of anyone getting through those golen gates anyway!! i have met few people who were not consumed with money and worthles crap--

so-BUY GOLD---you are not going to heaven any way....


maybe someone should tell FOX about the pennies thing---some people will 'buy anything'....

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#368860 - 03/03/11 12:21 AM Re: Now that we have all gotten out 1099s, what was everyone's grand total 2010? [Re: cinloo]
findwell Offline
Member

Registered: 02/28/11
Posts: 39
Loc: Seattle, Washington
1099 reporting actually requires this, whether or not it is income or reimbursement. But on your own books, you would show that "income" offset by the expenses incurred for the preservation tasks. Should net to zero, meaning not actual tax liability if you have kept your books correctly.


Edited by findwell (03/03/11 12:29 AM)

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