
12 December 2024 | 37 replies
Reach out to local banks, take them to lunch and tell them your story.

9 December 2024 | 3 replies
When it corrects there are typically just a greater amount of opportunity especially when there was a large run up to the correction by those who did not follow traditional risk mitigation measures when investing.

9 December 2024 | 11 replies
@Maria Jeanette Using a self-directed IRA (SDIRA) for real estate investment offers control over asset selection and tax advantages, such as tax-deferred growth (Traditional IRA) or tax-free growth (Roth IRA).

17 December 2024 | 16 replies
So it is really looking more at bank deposits, but most mom and pop owners won't share bank statements.

19 December 2024 | 50 replies
So any asset that can be attached by a U.S. court; bank accounts (even most foreign bank accounts), stocks, bonds, real estate can be taken once the trust is declared as a sham or the transfer of assets to the trust is found to be fraudulent.Further, once this has occurred the defendant will be required to testify under oath about the assets in the trust.

19 December 2024 | 55 replies
As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.

4 December 2024 | 6 replies
I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

9 December 2024 | 98 replies
Few people have no clue what is or how it works, I was just reading today that the cannabis growers that will be trading BILLIONS of dollars in CA, cannot deposit those funds in traditional banks, therefore; many will be using Bitcoins and other digital currency.

10 December 2024 | 26 replies
I have been poor very poor living off food banks and pawning items just to eat for a day and do it again.

11 December 2024 | 3 replies
The best HELOC usually comes from the bank where you have the most money or the one you have the best relationship with.