Shawn Gorham (@shawngorham) 's Twitter Profile
Shawn Gorham

@shawngorham

Value add real estate buyer. I buy the worst of the worst properties in most asset classes. DMs open for distress opportunities.

ID: 82375539

calendar_today14-10-2009 14:43:57

44,44K Tweet

62,62K Followers

1,1K Following

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IF: you sold a company for $30mm and you netted $20mm - invested it in Index Funds, took at 3% withdrawal rate equalling $50k a month Would you even want to own real estate? Maybe its better just to get rich and get off the grid.

Shawn Gorham (@shawngorham) 's Twitter Profile Photo

No taxes on overtime is a baller move for blue collar labor In So Cal the Hispanic labor market will be in Heaven. Those boys are going to be begging for overtime daily

Shawn Gorham (@shawngorham) 's Twitter Profile Photo

It’s the pizza! I have slept with a garmin watch on the past 3 months Couple notes: I always get 8 hours of sleep. I never wake up during sleep, BUT my “sleep score” is consistently a B or C (70-80’s) Turns out my REM and deep sleep scores are poor On “body battery”

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Sunday Faith Post: (feel free to ignore) Faith doesn't come easy for me. I am controlling, headstrong, disciplined, a hard worker, and goal-oriented. I want to see, feel, touch to know if I its for me. I like to take the credit. In 2018 my life was flying. Income flowed, lots

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Last week I posted about my friend who sold his roofing company: He has about the same gross revenue - he had a much lower EBITDA and he didnt own his real estate (sold in a divorce) Here is a business, if they get their numbers, could be a $20mm exit with the real estate.

Last week I posted about my friend who sold his roofing company:

He has about the same gross revenue - he had a much lower EBITDA and he didnt own his real estate (sold in a divorce) 

Here is a business, if they get their numbers, could be a $20mm exit with the real estate.
Shawn Gorham (@shawngorham) 's Twitter Profile Photo

How much do you pay for each of the following: Corp Tax Return LLC Tax Return Personal Tax Return Assume fairly basic, clean books reconciled monthly, no chasing data - standard real estate and small business deductions *** can you tell I just finished my returns? - my tax guy

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AI cant disrupt accountants fast enough, sorry not sorry. I could easily fill out 90% of my tax returns. The data inputs are not hard - the strategies and planning is a different conversation - but the inputs are basic even on complex returns if you understand taxes and math.

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I want to BOOST my SDIRA (self directed IRA) To me, making hard money loans out of an SDIRA is an excellent business and "retirement" plan When I come to retirement age (I will never retire) I think just doing Hard Money loans would be my preferred use of time. Need to get

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I triggered the accountants - they came up for air from the Corp extension returns due yesterday. They should be happy today, taking the day off, including X :) Look, I love accountants. As a business owner I know how to read financial statements, understand numbers, their

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Since I am triggering people today - lets continue. 1 property per LLC / Entity - expensive to do in CA In CA it better be a large property $800 minimum tax + a $1600+ tax return = $2400 in cash flow gone right off the top

Shawn Gorham (@shawngorham) 's Twitter Profile Photo

The easiest money I make every month - hard money loans via my SDIRA account 1-2 points 10-12% Fund with (Roth) Self Directed retirement accounts Use 3rd party servicing 60% or Less LTV 1st TD's Keep the money working

The easiest money I make every month - hard money loans via my SDIRA account 

1-2 points 
10-12%
Fund with (Roth) Self Directed retirement accounts
Use 3rd party servicing 
60% or Less LTV 1st TD's 
Keep the money working
Shawn Gorham (@shawngorham) 's Twitter Profile Photo

Yesterday an anon told me to “talk to smart people” - my mentor is Baker, I think he might be dumber than me So help us out, What does today’s rate cuts mean? Remember I’m dumb. How will this have an impact? Lower rates, ok. What changes? Judging by the posts a lot of