Generating Cash for Real Estate Investing Using Hard Money
Thursday, April 24
Hard Money is a term you often hear amongst real estate investors because it is another way to generate cash for real estate deals. Hard money lenders are sometimes the only people willing or able to give you the money you need to get your deals done. Hard money is great for beginning investors w...
IRS Audit Prevention Tips
Friday, March 28
There are many ways to reduce your chances of being audited by the IRS. As discussed in previous articles, the IRS has red flags for specific industries and tax filing behavior. Unfortunately, real estate investors and business owners stand a far greater chance of being audited than their salarie...
Entity Structure Questions & Answers (Part 2)
Thursday, February 20
This is the second of a four-part series of Questions and Answers related to entity structuring. QUESTION: I partnered with my brother and a couple of friends a few years ago. We purchased a single-family house to rent out. We (over)paid around $127,000 for the house. The property is titled in my...
Entity Structure Questions & Answers (Part 1)
Thursday, February 13
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 ...
The Importance of Entity Structures and Recordkeeping
Thursday, February 06
If you don’t plan accordingly for your investing goals and choose the correct entity structure, the taxes will hurt your bottom line in a big way. As a real estate investor, you must stay updated on which entities are on the IRS hit list. Recordkeeping also plays a big part in wealth building. Do...
Financial Planning To Save You a Fortune
Thursday, January 30
Financial planning requires a system you can follow to be fully prepared for tax time. It’s imperative that as real estate investors and business owners, you create an accounting strategy that avoids expensive mistakes, gets the most deductions, and plans your wealth building accordingly. Her...