This is not an IRA.The underlying business does need to be an active enterprise that creates trade or business income, such as real estate development, frequent flipping, or operating a hotel or self-storage business. 

My name is Michael Henderson and I'm from chicago my company name is Sylver Enterprise, Inc. which is a real estate investment company, short sales only, also my company is an affiliate of "funding for the benefit of humanity".These are lenders that prefer to take an equity position on the back end of the deal and fund 100% of the financing for your project.

Start learning some strategies that you want to use in your new enterprise. 

If there is enough demand and the quality is sufficient, some enterprising souls will figure out how to make it work (they already have to transport and store cranes and other large construction equipment).Will be interesting to see what the next 10 or 20 years have in store.

One of many strategies is to buy a well-run profitable enterprise and pay fairly for the verified cash flow.

I hate the guys,Who critizize,And minimise the other guys,Whose enterprises,Make them rise,Far above ,The guys who critisise

Let's take a look at the definition of passive income.Investopedia's definition of passive income is "Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved."

I have a question for Derreck, I am aware of the lead paint law for Mass as I was told about it by Enterprise Bank when I was talking with them about the lead paint, but do you know if that is a requirement for NH?

-dealing with the new federal and state laws (CFPB, SAFE Act, TILA, RESPA, Dodd Frank, etc)-planning and expanding your business-start by being a technician; then move to manager, then move to entrepreneur (delegating and motivating); The entrepreneur works at the enterprise level, the manager at the business level, and the technician at the practice level. 

I see most are new here, welcome, I've missed that with many of you before.Let's define our loans, by "conventional" we are speaking of the secondary market, Government Sponsored Enterprises or "GSE" mortgages.