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29 January 2025 | 47 replies
Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.
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26 January 2025 | 10 replies
@Enrique Toledo-Perez As a realtor are you not allowed to open a wholesaling business?
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1 February 2025 | 4 replies
You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.
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13 February 2025 | 21 replies
We have worked hard to build up our systems to manage our business.
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21 January 2025 | 6 replies
My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.
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24 January 2025 | 6 replies
I use this property and another one as my business line of credit.
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29 January 2025 | 6 replies
Love AI in the business though.
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31 January 2025 | 6 replies
For example, $50,000 loan at 10% paid out evenly over 10 years.Like I said, super new to this part of the business, so trying to wrap my head (and spreadsheets) around it.
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29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.
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20 January 2025 | 5 replies
This will allow you to put the loan into the entity or business name of your choosing.