In this episode, we discuss topics from recent listener emails. We drink some Off the Rail Brewing beer graciously brought to us by Jason. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE
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Beers – [0:40] Kindly delievered to us by Jason
The Show [2:55]
- Epic Alliance [3:18]
- Manulife One [34:06]
- They just Write it Off [44:20]
- Why you can’t write off taking clients to the golf club [45:40]
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Thanks for the show guys, so the epic deal is one deal gone bad, it was not clear to me how Epic was in this scenario? I know you discussed that entity a few episodes ago so trying to ascertain how this impacts that prior show.
Hi Jamie,
The Epic deal hasn’t gone bad, well it had the potential to, but things have corrected. I still believe the HFLP is a great program to have a hassle free rental, and I’m happy with our investment. I think the keys that we mentioned in the shows, are that you have to understand all the risk involved. Epic (the company) is a risk, such that they may not pay you, or manage the property as contracted. The property itself is a risk, depending on location, condition and purchase price. Anyway, Epic has been very good at communicating with it’s clients, they have sorted out the short term problems, and hopefully everything will continue as planned.
Cheers, MM
Now that we are in December and past the 2 week rent payment deferral requested by Epic, how’s it going? Did you get caught back up?
I’m happy to announce that all payments are up to date! Epic has presented the plan going forward, and I am confident that they will continue to fulfill their contracts.
Thanks for sharing more about this. I am intrigued by the HFLP at Epic after your episode on it.
I Enjoy you guys -thanks for doing what you do