Glenn Mayo
A kind of odd question concerning net worth
Ok, so, this may seem a little odd, but I was having a discussion with my mother about how you'd calculate your net worth with your real estate. Now, I understand that the basic formula for net worth is Net Worth = As...
Richard Warren
Yet Another Ponzi Scheme Exposed
LOS ANGELES (AP) -- California-based financier Danny Pang, accused by federal regulators of defrauding investors out of hundreds of millions of dollars, was arrested Tuesday by the FBI
And the beat goes on...
I won...
Mark Andrews
How to calculate Capital Contributions to an LLC?
Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
Bryan Hancock
Do You Carry Your Properties At Historical Cost Or Mark Them To Market?
When you do your accounting for your PFS, business books, etc. do you carry the projects at historical cost or mark them to market? If you mark them to market how do you determine "true" market value without cheating...
Joseph Conrey
My Rich Dad Poor Dad book notes. Enjoy!!
Rich Dad Poor Dad Notes: Instead of "I can't afford this" ask "how can I afford this?". Proper physical exercise increases your chances for health, and proper mental exercise increases your chances ...
Austin Negron
Pre Qualified vs. Pre Approved
Happy Friday everyone. It's a beautiful day to discover the difference between get qualified and approved.
The first step to acquiring your first investment property is to understand how much you can afford for sa...
Connie Steele
Commercial loan conditions
we are purchasing a 16 door unit. Received loan docs and there are the following conditions. Wondering if this is normal as its our first commercial loan. Provide yearly tax returnsProvide leases and tenants informa...
William Joel Idleman
Self Directed IRA Hype?
It seems that the idea of a self directed IRA is a buzz word in the BP community. If you use a self directed IRA, would you be willing to share what advantages made you choose that investment vehicle? I understand t...
Steve Smith
Transfering assets to kids
Anyone active in transferring assets to their kids? Looking for creative idea to give them a few more dollars before I croak. I already give them the non taxable limit, but am giving them options on property, leases a...
Joshua Telles
1st investment property financing
Hello everyone! First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find...