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14 February 2015 | 19 replies
While there were some management headaches (it's a C-Corp I used for flipping and I needed to make sure there was no commingling with my other flipping company which used personal funds instead of IRA funds), it worked out just fine.The biggest issue is that the DOJ has issued some warnings about these types of retirement vehicles and there is some reason to believe that at some point in the future, they may crack down and decide that -- because these vehicles pay salary to the employees right out of their retirement funds -- it's a violation ERISA laws.Personally, I was concerned enough that I shut my plan down a few months ago, and spent a couple thousand dollars to get a Determination Letter (which I'm currently waiting for) from the IRS.In the end, I made some money in my IRA, but it wasn't worth the management headaches or the stress of wondering if the DOJ would deem it illegal.
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8 November 2023 | 200 replies
Take the $10k ($120 per year) perpetuity vehicle and try and sell it for more than $1 mm!
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27 September 2017 | 99 replies
In other words, your cash can't just stop there...or you are losing.Whether you ride the note or the property bus, the money must be moving in and out of the different buses, and every time you get off you have to take a new "friend" with you...in the form of cash profit or cash flow.That's the real secret to building cash flow fast....keep your seed money moving through one vehicle through the next...and not stopping in any of them to enjoy the view.
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24 September 2015 | 17 replies
In Singapore a standard Toyota Camry type vehicle will run you 50 to 70k.. and then the right to drive it cost another 90k for 10 year right.So basically 10 to 14k a year to drive.
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13 May 2021 | 188 replies
About after a 5 minute wait, one of the sonic employees comes out and starts telling everyone sitting in their vehicles, to please go through the drive through, as they only had 4 people working inside and that they wouldn't be able to serve everybody outside.
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9 July 2021 | 94 replies
Turnkey may not be as "glitzy" as some other investment vehicles, but solid cashflow with some appreciation gravy over time will make for a solid investment every time.
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8 June 2021 | 87 replies
The risk of a complete loss, while small if adequate vetting is done, is certainly greater than many other investment vehicles and therefore always something to consider.
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4 March 2021 | 127 replies
At the end of the day, if you understand the other investment vehicles available and you're making investments that you're comfortable with that's what matters.
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16 August 2020 | 27 replies
It's a great community.We use the stock market to grow our money between investment properties, knowing that real estate is our primary vehicle to build wealth.
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3 March 2019 | 5 replies
Using YellowLetter HQ for mailings, Call Rail for phone systems and Podio for CRM.RVM - I was able to get 1,500 numbers from my list using datazapp (always open to recommendations for other sources!)