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Making Money With Non-Profits
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Hi, just posted to a business development thread about LLCs. This is the most popular entity I'm sure for small RE investors, but I have not seen much about working with or as a non-profit.
Just because you have a non-profit organization does not mean you can't make money. Look at the Executive Director of the Red Cross, the salary and benefits paid are in line with any for profit CEO!
Some real advantages of having a non-profit are numerous. FInancing can be alot easier for one thing. There are many government loans and grants available in the housing arena for non-profits and they are given preference over for profit entities. Having a charitable purpose, like providing afforadable housing, can be the basis of your 501c3 status that allows you to obtain tax deductable contributions in your community! Imagine getting building materials free or at half price! Or having volunteers paint the house.
Are any BPers using these avenues or affiliating with non-profits to provide management, building/rehab or marketing services? Let's explore this angle....