Marketing is the Driving Force for Success in Any Business
Friday, May 25
Marketing, marketing, marketing. Yes, you may be used to hearing 'location, location, location, but if you don't have a marketing strategy in place, your business will die. The businesses that survive economic downturns are usually the ones that ramp up their marketing when everyone else is runni...
How to Pick the Right Real Estate Investing Strategy for your Lifestyle
Friday, May 11
Choosing a real estate investing strategy can be a huge dilemma, especially when you are just starting out. Should you invest in short sales, note sales, or flips? Should you invest for cash flow or appreciation? Do you invest in your home town or nationally? Trying to decide where to start ...
How to Build Your Own Power Team
Friday, May 04
Successful real estate investors and business owners have one thing in common: they always have a team of experts at their disposal. Creating a 'power team' is vital to your wealth building strategy, and you will certainly be lost without experts to advise and guide you on your entrepreneurial j...
Stupid Mistakes that Cause an IRS Audit
Monday, April 16
Your business return is a report to the IRS and to your State Department of Revenue. It says a lot about your business and about you. But it also says one really important thing of which you might not be aware. Your business return says whether you should be audited or not.Here's a brief outline ...
IRS Audit Prevention Tips
Thursday, April 05
There are many ways to reduce your chances of being audited by the IRS. As we've discussed in previous articles, the IRS has red flags for certain industries and tax filing behavior. Unfortunately, real estate investors and business owners stand a far greater chance of being audited than their sa...
IRS Court Cases Featuring Real Estate Investors
Friday, March 23
Here are some IRS court cases featuring real estate investors that show how important tax documentation and preparation is to protect you from huge penalties.Real estate activities are considered passive by default. Passive losses, of course, may generally only offset passive income.Unless, that ...