There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Go to your bank and they can provide you with instructions.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

But then again every lender that is not my commercial banks I find frustrating. :)..

Especially as maintenance bombs increase in there detonations, the opportunities to acquire from failed operators is at the door step.  

The type who will ignore great advice and fail then the blame society, the govt and the media..

Almost every dollar I make (active or passive) has a job when it hits my bank account.

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

So those were all on my Fico.. my Bank loans from my commercial banks dont show up IE: development loans  vertical construction loans..

If there’s anyone that attended one of these MFM seminars and is considering it, let’s connect as I believe we can create a win-win and you can actually be an investor rather than a piggy bank for shops like them.