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30 April 2024 | 140 replies
It is a lot easy to hit FI when you aren't needing to cover a bunch of stupid consumer debt each month.
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1 May 2024 | 30 replies
Easy enough to put it back together.
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30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
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30 April 2024 | 2 replies
Hi @Shahar Segev, the theoretical part sounds fine (which is the easy part), now it is time for the doing.
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29 April 2024 | 14 replies
There are various strategies, such as vacation areas, business travelers' areas, etc.
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1 May 2024 | 2 replies
What I'm really doing is creating a "workshop" space that's part of the house that can be used towards a business write off, but can also be easily converted to living space with plumbing/wiring already installed in walls/floors.
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30 April 2024 | 12 replies
OK, I would urge you to be very, very careful here...Certain operating expenses are paid monthly from lender escrow, so it's easy to assume that any costs not paid this way are somehow "optional."
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29 April 2024 | 8 replies
Saturday if my day isn’t too busy I drive to the two properties that are a little farther away.
1 May 2024 | 5 replies
If you don't plan on doing agent business outside of your own transactions, just choose the best split and lowest fees, but you won't learn anything about doing the deals for yourself that way.
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30 April 2024 | 4 replies
I spent the last 10+ years as a master electrician & running a business.