Real assets vs derivatives. 

Hey @Eric McAvoy, you'll be moving from residential to commercial financing - so overall one of the biggest differences will be in deriving valuations. 

You, like an appraiser, can use different assumptions to derive an estimate of value.  

You loan amount is derived from a monthly average of your total (taxes, unemployment ins, insurance etc.) x a 2.5 multiple.

Hi,I had a quick question about filing state taxes and registering for a Foreign Corporation License (if this is even needed).I live in NY and registered my LLC as a Sole Proprietorship here in NY however all my rental properties were bought, owned and income derived from Ohio.  2019 was when my LLC was incorporated and rentals purchased so this will be my first year filing.1. 

All of my wealth & savings in the past has derived from investments I made over the last ten years (mostly tech stocks I purchased in 2009-2010 and sold in late 2018).

If that were the case then nobody would use leverage.When an IRA engages in a debt-financed investment the portion of income that is derived from the borrowed funds is considered taxable - so 65% of gross rental income in my example.However, you have a $1,000 exemption off the top, and then get to apply the same ratio - in this case 65% - of all the normal deductions like interest on the note, depreciation, property taxes, etc. to reduce the amount of income that is taxable.The net taxable income will then generally be a pretty low number. 

again when he speaks, i just listen and attempt to derive the most i can from our time together. this guy is extremely passionate about real estate, i can just feel it as he speaks. 

Your IRA may not borrow from a disqualified person to the IRA.Any cash derived from a refinance would belong to the IRA LLC, not to you personally.

Once you've been on the job part time, etc, for 2 years, a long-term average of your income will be derived and used.