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27 August 2012 | 40 replies
It may save you 10% in hard cost, but it also costs you your time that otherwise could have been doing some other productive money making chore.Not if you give up playing Warcraft online or watching American Idol to do it.
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25 May 2011 | 16 replies
Also, wholesalers typically use OPM so if you plan to fund the deal yourself Jacob, the selling of the entity strategy is a non-issue but if you plan on using OPM it may be better to add your buyer to the corporation as a money partner and have an internal corporate legal agreement about how your wholesaling fee will be paid.
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27 May 2011 | 4 replies
I've come to expect the .5-2% management fee on typical mutual funds, depending on their investing style, but my wife's investment "advisor" seriously expects me to redeem all the shares I have in no-load mutual funds so he can invest the proceeds in American Funds (5.5% front-end load!).
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11 April 2015 | 85 replies
To my knowledge, there are no state or federal laws prohibiting them, however, the problem exists with the title companies. many of them will not insure or perform a simultaneous closing (where dry funds are used) as they have instituted corporate rules.
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19 June 2011 | 5 replies
Personal residence is easy to identify as is corporate residency but what is the residence status of a SDIRA whose custodian is a different state then the beneficiary.
4 June 2011 | 8 replies
These big corporations get lost sometimes because they try to expand so fast and forget why they are where they are today.
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9 June 2011 | 26 replies
Jim,My wife and I left our corporate jobs before we decided to jump into real estate.
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5 June 2011 | 4 replies
Their "job" is to manage it for the good of the corporation.
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4 December 2009 | 6 replies
If you own a property outright, and you also have a corporation or a LLC, that entity can lend you money against that property.
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10 December 2009 | 1 reply
It is pretty simple to shelter income through various corporate entities to reduce tax liability.