I always sign as MY NAME, AUTHORIZED MEMBER.

[POST EDITED BY ADMIN]

3) In another source I read, the author recommended that you put enough properties in each LLC to total $200,000 - $300,000 and pursue a commercial loan using those properties.

Sadly though too many times in today's society, (prime example being our President), the amount of effort you put into this or other areas of education no longer seems to matter much when it comes to positions of authority.

I am being told I'm "not authorized" to post to a topic under "General, Site Discussion & Announcements" as soon as I click the Reply to Post button.

They sometimes forget about their own suggestions (escrow account) and when you have one with $20k in it, they look very favorable upon your ‘cash on hand’ and business-savvy practices not realizing that it is all current assets by GAAP standards; meaning you will expend it all in less than 12 months when the tax bills and insurance bills come in the mail.There is much more….

But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

I dont' see any reason to cut into my golfing, skiing and traveling time in order to accumulate more financial assets.

I am currently reading "Building Wealth in a Changing Economy," also by Schaub, and "The Millionaire Mind" (not the "Secrets Of" one, but the one by the Millionaire Next Door author, Dr.

This puts all the basics together in one easy read and with plenty of relevant real life stories from the author and other starting out investors.