Account Closed
What is the point of business credit?
Hi everyone,I see a lot of posts about people wanting to build business credit and how to build business credit, but I'm not sure I understand why you need business credit.I just started investing and am planning to s...
You can take your time to reach financial independence, but why wait? With a combination of hard work, savvy investing, and additional income streams, today’s guest reached FI by the age of twenty-eight. In this episo...
Derrick Lubomski
DEAL OF THE YEAR...now how do I get funding?
As I am new to real estate investing I had always thought that house hacking a duplex would be my first deal and a great way to start my journey to financial freedom. However while building relations at the most recen...
Kristine Eickman
If you deny borrower...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...
Scott Smith
One weird legal trick to protect your assets better than an LLC
When protecting your assets, build a castle not a fence. You’ve made the effort to make your money, now keep it. You’ve built a fence to protect your assets by using an LLC, now learn how using the awesome power of Ir...
Karen Mizrahi
50k saved up, looking to invest, need help!
Hi All!
My husband an I have about 50k saved up and are ready to finally take the first step in investing in real estate. We live in Los Angeles where market is so high. So we're looking to possibly invest out of sta...
Mike Auguste
The Augusta Rule - Tax Free Rental Income
What is the Augusta Rule?
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax re...
Justin Putt
Forming LLC Online
Anyone have a recommondation for a good place to form a LLC online? I have been looking at mynewcompany.com They seem to be reasonably priced.
Michael Plaks
QBI calculation for Sch C - accountants are confused, too
Guys, we know that 20% applies to the Qualified Business Income (QBI). Let's ignore service businesses, phaseouts and all other complications. Let's take a wholesaler netting $100k. So, he just gets a $20k below-the-l...
Champ Leong
How to get a reply...
How many business days is "reasonable" to allow a lender to grant a pre Qualification? Additionally, how many business days are "reasonable" to allow REA's/contractors etc to REPLY to a message/request?