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2 March 2014 | 11 replies
Break past this, thoroughly immerse yourself in your chosen trade and be determined to be the very best!
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2 March 2014 | 7 replies
Here's what I wrote here last June:Originally posted by @David Krulac:@Bryan WellerI don't like LLC, INC names that mimic the owner's name, like:Bryan Weller LLCWeller Real Estate LLCI think that the company name should be completely different from your own name, even Bryan and Bob LLC is something I don't like.From the IRS prospective there is always the question of dealer or investor, which often equates to being Federally taxed at long term Capital Gains rates or ordinary income at double the taxes. so your name should not state or imply that you are a dealer like:Day Trading Real Estate LLCBryan's Buying & Selling Real Estate LLCBryan's Flipping Homes LLC.Another thing that happens is that the nature of your business might change and now the specific name you pick does not apply likeRehabbing Chicago LLCThen you stop rehabbing or stop working in Chicago, once you move to Milwaukee or even Skokie and only do rentals the name Rehabbing Chicago doesn't make sense any more and will confuse people.I'm not as bothered by this one but have seen people that have names that don't quite fit or don't fit yet like:Worldwide Real Estate LLCGlobal Real Estate LLCTranscontinental Real Estate LLCActually met a couple of people with names like those who didn't own any real estate.
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8 January 2017 | 28 replies
It seems like that's where a lot of investors are evolving to once they've built up assets to trade up into, but based on a lot of things I've heard on the podcasts, if you can find the deals, the money will be there.
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4 March 2014 | 8 replies
While other streets were never put in off the main drive.This land is just as raw as it was back in the early 1900's, now over grown with dense forest and undergrowth.So my question here is, would a landowner with enough skills to cut in a driveway be able to do work on the public right of way just enough to get back to the lot or lots that they own?
14 March 2014 | 7 replies
I have no experience in this arena, but I have certain skill sets that I've attained in my field from the past 15 years that I know will be helpful.
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11 May 2016 | 10 replies
I just have a hard time with it considering that even fairly newer properties are trading below replacement cost in many cases.
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7 March 2014 | 12 replies
Always good to meet others in the trade.
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20 March 2014 | 13 replies
If you want to trade your day job for income/wealth generation, then let the contractors do the contracting work and stick to the day job until you can afford to give it up!
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2 October 2019 | 22 replies
It's worked out well for me so far, and I'm stuck on year 6- waiting to make my final trade-up which I may or may not do anytime soon.
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6 March 2014 | 5 replies
Also, does he have an alternative investment that he wants to trade this into?