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  1. CareCPA

    You’re not selling wholesale?

    NOTABLE! 
    Have you asked them what price they need to make the order work? There may still be enough profit for you if they're going to place six-figure orders, even if the profit margin is slimmer.
  2. CareCPA

    [Progress thread] Building out a crypto mine, step-by-step - AMA

    CRYPTO INVESTING 
    That makes more sense than the billion percent returns it was forecasting. So do you find the income amounts on this page to be accurate: Realtime mining hardware profitability | ASIC Miner Value It projects ~$100 per day at current prices for the A9 ZMaster.
  3. CareCPA

    Building a Multi-Million Dollar RE Portfolio with $50k

    @DrkSide where is our update? You said it would be a week. That was 5 months ago.
  4. CareCPA

    [Progress thread] Building out a crypto mine, step-by-step - AMA

    CRYPTO INVESTING 
    So pretend I'm a newbie here (not a stretch of the imagination at all). I see this miner: ASICMiner 48Th/s, Silent Water Cooling, Built-in PSU | ASICminer Company. The stats say it has a hash rate of 48TH/s, using 3900W I go to this website mentioned earlier: Mining Calculator Bitcoin...
  5. CareCPA

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Hopefully this knowledge is free... Is Reg D just for accredited investors? Are you doing any non-accredited capital raises?
  6. CareCPA

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    Ah, ok, so purely a marketing ploy. I thought maybe you were going to bring in some knowledge the rest of us could use and/or learn from, instead of just inviting us to invest with you.
  7. CareCPA

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    I guess I'm just curious what you're hoping to accomplish in this thread if you can't share any information.
  8. CareCPA

    Under Contract on 98 units in Phoenix!

    HOT! REAL ESTATE 
    So no info at all? No purchase price, rent to price ratio, financing details (investors vs institutional)? What's your value-add play, renovations? Something else?
  9. CareCPA

    Supreme Court: Online shoppers can be forced to pay sales tax

    TAXES | REGS FEATURED! 
  10. CareCPA

    You’re not selling wholesale?

    NOTABLE! 
    Awesome! I have a client who gets it the other way. His stuff arrives at Amazon, and he starts selling it before he even gets an invoice from the supplier. Who knew you could get terms for e-commerce? I'm sure it's more prevalent when you have US manufacturers and suppliers. All those guys...
  11. CareCPA

    You’re not selling wholesale?

    NOTABLE! 
    Awesome. Glad to know this exists and is utilized. I've been out of the physical goods arena for a couple years. Back when I did AP, it was all paper checks.
  12. CareCPA

    You’re not selling wholesale?

    NOTABLE! 
    I have my clients setup on recurring billing for the most part, so it's almost the same thing. I assumed it would be a little different here since the amount getting charged to them would be variable.
  13. CareCPA

    You’re not selling wholesale?

    NOTABLE! 
    I'm not a lawyer, so I'd be interested in the legality of the following: 1. Sign a new customer 2. Get an agreement up front with bank draft details/credit card details 3. Sign an agreement that states when they submit a PO, you will ship the items, and then invoice them. After a certain number...
  14. CareCPA

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    Don't overlook out-of-state investing. If I had spare capital, that's probably where I would be headed. Hopefully someone with more experience will chime in here, as it's daunting for a new person to search out of state for rentals. When the whole world is an option, how do you narrow it down...
  15. CareCPA

    Money System - What Are You Investing That's Getting 5% Return?

    HOT! INVESTING 
    I think I found your problem. I don't know any real estate investor that would buy a $330-350k house that rents for $1800 or $1900 a month. There is no money to be made after accounting for insurance/taxes/repairs/etc. Are you gambling on appreciation? Why not sell and invest that money in...
  16. CareCPA

    Selling my Ecommerce Business

    GOLD! 
    I'm helping a client sell a business right now. The due diligence request list is 14 pages long. Don't be afraid to ask for everything.
  17. CareCPA

    O Sh*t! How I accidentally became unemployed, and what I'm doing about it.

    HOT! SIDE HUSTLE 
    Charge more money. This is why accountants have engagement letters. We clearly define what we will and will not do for the price we give you, and then we tell you that we'll bill you extra if you ask us to do something outside that scope. I'm more lax than most, but even I draw the line...
  18. CareCPA

    O Sh*t! How I accidentally became unemployed, and what I'm doing about it.

    HOT! SIDE HUSTLE 
    Were you truly a colleague? Or were you the team lead? Or supervisor? You said you were an Operations Specialist, were all the others? Somewhere there is a disconnect between what you saw your position as, and what management saw your position as.
  19. CareCPA

    O Sh*t! How I accidentally became unemployed, and what I'm doing about it.

    HOT! SIDE HUSTLE 
    If the company is squeezed, and you don't get rid of the least-performing, everyone will go down. Would you rather put 10 people out of a job that don't deserve to be unemployed, or 100 people?
  20. CareCPA

    Going into business with 2 partners, need help structuring

    I cannot emphasize this enough. Make sure there are clear-cut ways of getting rid of partners if they aren't pulling their weight. Make sure your businesses entity is correct for the type of business and exit plan you have. Also, assume anything that is discussed but not written down will be...

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