Brent Watson
Attorney vs CPA - difference?
6 April 2014 | 4 replies
You can:1) call your accountant to make sure that there is not a better vehicle for your business structure.2) file paperwork yourself (if you can in your state)3) make sure your attorney knows you have an LLC the next time you meet with him.You may find that you get flexible taxing strategies with your new LLC, but you might not be able to file your own evictions on your rentals.
Teresa Stephenson
Why should I invest in real estate?
10 November 2014 | 7 replies
Over the long haul, I believe there is no better investment vehicle.
Account Closed
Should we buy rental properties in Detroit Michigan since it's so cheap there?
12 November 2014 | 14 replies
Managing from afar is a recipe for chaos.I also recommend checking out Motor City Mapping, which has up-to-date pictures and information on the state of every property in the city.
Kirsten Mastro
Do I need Nevada based LLC
28 September 2016 | 17 replies
That combined with a properly maintained entity provide you very good security for all of your assets including your bank accounts, your investment accounts, your personal house and your vehicles - not just your business.
Rj J.
Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???
29 January 2019 | 66 replies
Purchasing rental property in cash with no debt is doable for sure, but it completely eliminates the advantages that real estate provides as an investment and equity growth vehicle.
Bill S.
Non-success Story
25 November 2015 | 54 replies
I often flip items with motors (boats, cars, motorcycles) They're almost always good for a minimum of 50% return, sometimes 200%+ Problem is those 50%-200% returns are usually only $500-$1500..
Max Powers
Common to pay travel exp + mgt fees?
18 December 2015 | 7 replies
Look at it this way: If you drive a personal vehicle to a property for a work-related reason, you're incurring an expense (gas, vehicle maintenance) to perform that task.
Allan Gibson
Choosing a solo 401K provider
28 April 2016 | 13 replies
However, it appears common for many to think that taxation within a vehicle that is supposed to be tax deferred (or tax free) defeats the whole purpose and this is not necessarily the case.
Account Closed
Newbie, don't know how to start
22 October 2015 | 33 replies
If you work for a Contractor, you will end up learning a lot about construction and it will help you when you start doing your own fix and flips.If you truly are not handy, and if you have a dependable vehicle, look into being a pizza delivery driver in the evenings.
Michael King
First Appointment With Seller - Massachusetts
19 January 2015 | 13 replies
I wouldn't say I drive a poor vehicle, but rather a small pickup truck - practical for my needs, but not necessarily your standard business-type vehicle.