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16 June 2024 | 11 replies
As you write checks and make deposits your income tax return is preparing itself.At the end of the tax year print a simple Profit and Loss report for the time period and hand it to your bookkeeper or CPAYou still need to keep receipts for seven years or so but the works does itself as you write and code each check.Even if you file as an LLC, Partnership or corporation your CPA will thank you.
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18 June 2024 | 56 replies
In my opinion, I would not take the advice you received regarding using OPM is you have no experience in investing in real estate.I would also not look to be a private lender for several reasons1) You are better off putting your money with a corporate bond / CD and get 5-6% with little risk compared to 10% to 12% with much more risk given today's market conditions2) You won't be able to retire getting interest income, which you said is your goal.
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20 June 2024 | 245 replies
The U.S. has no Strategic Oil reserve to use for political reasons in 2024.
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18 June 2024 | 121 replies
I understand there is politics with doing this but I personally think it would mean a lot to newbie investors and experience investors who aren’t familiar with the process of a particular company or person.
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17 June 2024 | 13 replies
Louisiana—Property Tax—Administration of tax sales of immovable property.L. 2024, S119 (Act 409), effective 01/01/2026, upon adoption of the proposed constitutional amendment at the statewide election to be held 12/07/2024, repeals numerous provisions related to tax sales and provides that the assessment of property taxes and other impositions on immovable property will constitute a lien and privilege on the property in favor of the political subdivision to which taxes and other impositions are owed.
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16 June 2024 | 23 replies
When a large corporation is in financial dire straits, one of the first things they get rid of is the company jet.
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16 June 2024 | 40 replies
I just look at them and say politely " I have spent 20 years learning this and your going to have to do what I did".. and walk off.. no way I was going to train my competition..
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12 June 2024 | 4 replies
All things being equal, not a good idea.Let’s ignore, for now, whether or not this is right or wrong and try to exclude all political thoughts.
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16 June 2024 | 27 replies
But you can talk to an accountant about setting your business up under a corporation, and doing 1031 Exchanges.
13 June 2024 | 2 replies
Are you leases with larger corporate medical provider tenants?