Self-Directed IRAs
Friday, July 15
Self-Directed IRAs – The Little-Known Secret That Allows Real Estate Investors to Create True Wealth!Many of America’s 45 million households with I.R.A.'s stick with stocks and bonds, but an increasing number are switching to real estate, hoping for more lucrative returns. Investors have always b...
Entity Structure Questions & Answers (Part 4)
Friday, June 17
This is the final part of our series on Entity Structuring Questions and Answers.QUESTION: "A client came to me and asked why he did not get any stocks from an LLC. I told him that LLC does not issue stocks. He told me that he once went to an attorney to set up a LLC. He keeps insisting that the ...
Entity Structure Questions & Answers (Part 3)
Friday, June 10
This is part 3 of our series on Entity Structuring Questions and Answers.QUESTION: I have a rental property in Colorado and have created a Colorado LLC to hold it. However, I bought the property under my own name and have a small mortgage under my name. The mortgage company won't let me transfer ...
Entity Structure Questions & Answers (Part 2)
Friday, June 03
This is the second of a four part series of Questions and Answers related to entity structuring.QUESTION: In 2005 I entered into a partnership with my brother and a couple of friends. We purchased a single family house to rent out. We (over)paid around $127,000 for the house. The property is titl...
Entity Structure Questions & Answers (Part 1)
Friday, May 27
Selecting the right entity structure for your real estate deal can mean the difference between building and losing incredible wealth. It's vitally important to incorporate correctly to protect yourself, your assets and your wealth. I get a lot of questions about entity structuring, particularly o...
Automatic Pre-Audit Preparation
Friday, April 22
Everyone should do their upmost to prevent an audit on their taxes, but you should always be prepared for an audit. The best way to increase your chances of coming out of audit unscathed is to keep excellent records. The IRS will not take your word as proof of anything, so it pays to have as much...