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10 July 2024 | 87 replies
No other industry in existence in U.S. operates with such a tiny margin that isn't gargantuan in it's corporate size and volume.
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7 July 2024 | 14 replies
I am not an attorney, so don't take this as legal advice, but I had a lender tell me that financing with a DSCR compliments holding a STR in an LLC for liability purposes.Financing an STR held in an LLC with a 2nd home mortgage that reports to your personal credit creates a hole in the corporate veil per se.On the other hand, financing an STR held in an LLC with a DSCR loan that is qualified only by the asset's income offers much more separation of personal and business liability.
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8 July 2024 | 27 replies
Something that will help shed some light on this is reading Garrett Sutton's book "Start Your Own Corporation" as well as Robert Kiyosaki's "Rich Dad's Guide to Investing".
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10 July 2024 | 256 replies
Having been a corporate fraud investigator for many years, I say from considerable experience that your chance of getting much, if any, money back is almost nonexistent.
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9 July 2024 | 8 replies
I wish you success in your endeavors.However, I'll take the current crazy US politics and poor fiscal management over some of the risks I've seen abroad.
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8 July 2024 | 17 replies
We politely told the tenant that their niece could then either mail the money order or just deposit funds in our bank account while she was cashing the disability check.
6 July 2024 | 7 replies
If you want legal help that isn't a rip off and would offer a registered agent and mail services, check into Anderson Business Advisors or Prime Corporate Services.
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10 July 2024 | 112 replies
My daughter and son-in-law opened their own business 3 years ago and so far have done well, but he built a good reputation in his field before starting their own, she kept her good corporate job for benefits, and they are now looking to invest in property with the profits, hoping for more passive income in the future as they’ve realized how much extra work a small business is with compliance, licenses, workers comp, etc.
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7 July 2024 | 36 replies
When I left, apart from the normal political shenanigans, it was very well run with a strong government presence, military renters, and organic business growth that wasn't dependent on tech cycles, credit crunches, etc.
5 July 2024 | 10 replies
Am I not calculating certain risk from being so close to the border with all the political/migration issues going on around there?