Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
What are the odds of a vehicle accident resulting in a settlement greater than vehicle liability will cover?
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?
Patrick Wood
Investing seed money: what financial instrument to use as a bucket
14 January 2025 | 2 replies
My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?
Mitch Smith
How Tiered Returns Has Helped Us Structure Our Private Lending Deals
17 January 2025 | 3 replies
Encourages Larger Investments: By offering higher returns at higher tiers, you incentivize investors to allocate more capital to your projects.Builds Long-Term Relationships: Investors appreciate being rewarded for deeper commitments, which helps foster trust and repeat business.Scales with Your Business: This structure can align with the complexity or scale of your projects, ensuring that you have the resources you need while staying competitive in the market.Key Benefits to InvestorsSecurity: Deals can be secured by tangible assets, such as a deed of trust or promissory note, providing peace of mind.Flexibility: Payments can be structured to suit the investor’s needs—monthly, quarterly, or upon project completion.Attractive Returns: With returns starting at 15%, investors often see better yields than traditional investment vehicles, like stocks or mutual funds.How We’ve Implemented ThisThis structure works particularly well for our large renovation or development projects where multiple investors may be involved.
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
I would not buy a new vehicle just to get a write off - Only if you planned to get a new car anyway(I.E. if your old car is worn out).A lot of people are focused on deducitons but not focused on the income coming in / out.Best of luck!
Stanley Nguyen
Tax on private lending fund
15 January 2025 | 12 replies
A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.
Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
7 January 2025 | 0 replies
Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Unkempt lawns, trashy or broken down vehicles, mattresses and trash on empty lots, boarded up houses, bars on windows, dealers and hookers on the corners, the lack of stores or gas stations, occupied properties are dilapidated, etc.Or when Google maps shows stuff like this:
Alicia Howard
RV Depreciation for 2024 taxes
15 January 2025 | 5 replies
To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.