
18 May 2024 | 13 replies
I'm not entirely against paying a consultant that has worked as bank/mortgage lender/underwriter for a significant period of time to assist you to set up your practice or review your deals for you.

20 May 2024 | 13 replies
Some like buying a tax lien can be done for as little as $500 (although easier said then done).You can wholesale properties of get a fee for being a bird dog and referring deals to other investors.

22 May 2024 | 77 replies
There was NO mortgage information, even though I have a mortgage.Conclusion: The only useful information was my name, square footage, number of bedrooms and bathrooms, and the date of purchase, but all of this information is easily available on Zillow or the online tax records.

19 May 2024 | 23 replies
Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

19 May 2024 | 90 replies
We are working with a consultant on staffing and regulations.

19 May 2024 | 4 replies
What is a reasonable way to apply an estimated tax benefit of the interest deduction vs. the tax on increased positive cash flow vs. invested income?

21 May 2024 | 48 replies
It doesn't really affect me, other than as a tax payer.

18 May 2024 | 10 replies
But first, call a Real Estate Attorney for a consult ($300) to make sure you don't go afoul of the law.

19 May 2024 | 9 replies
The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.

21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,