Top Ten Year End Tax Planning Checklist
Friday, November 18
TOP TEN YEAR END TAX PLANNING CHECKLIST1. If you own a business, do you have an EIN number, operating agreement, and a separate bank account?2. Have you recorded all the income and expenses related to the business on the business bank account? This is a huge audit item for 2011.3. If you own inv...
Understanding Land Trusts
Thursday, November 03
Real Estate Land TrustsIn a true Land trust, the Trustee's role is not to operate the trust, but simply to hold legal and equitable title to the real estate properties held within the trust. The Trustee serves as a figurehead - holding title and signing documents, contracts, deeds, etc., as dire...
Do you know which state to incorporate your business?
Thursday, November 03
Where to incorporateThis can be a confusing one for many investors. Where to incorporate is an important decision because the state of incorporation will be the company’s legal home. In most states you are not required keep an within the state; a company can operate business in another state. Th...
Short and Long Term Real Estate Entities
Monday, October 24
Main Entities for Short and Long Term Real Estate Strategies There are about 13 REAL Estate Investing Strategies Real Estate Cash "Short Term" Strategies: 1) Bird dogging (Finding property on behalf of another investor), 2) quick flipping houses, (wholesaling), 3) lease options, and 4)"Sandwich...
Self-Directed IRA Questions
Monday, October 24
Here are some of my more recent questions/answer sessions from my blog and clients about using a Self-Directed IRA (SDIRA) to invest in real estate. This is a VERY tax efficient way to invest in your deals, but you have to do your homework first. QUESTION 1 "I recently did a hard money loan where...
Top 3 Ways to to Invest in RE with a Self-Directed IRA
Monday, October 10
Top 3 Ways to Invest in Real Estate with a SDIRASelf-Directed IRAs are great for avoiding taxes on gains, especially for flipping properties. It is recommended that you use the SDIRA for real estate transactions that generate immediate (or almost immediate) taxable income (such as flips or optio...