
21 January 2016 | 7 replies
We operate in a "niche"...We are a HUD authorized real estate brokerage that works almost exclusively with investors (both wholesalers and rehabbers) helping them acquire undervalued properties.Lately we have had a lot of interest from new investors that are excited about the market segment and can't wait to dive in, but have a potential entry level problem...

21 January 2016 | 7 replies
But of course when you use your retirement account to invest in your business there's a number of compliance requirements at the beginning as well as an ongoing basis.The following IRS website cover the ROBS. https://www.irs.gov/Retirement-Plans/Employee-Plans-Compliance-Unit-(EPCU)-Completed-Projects-Project-with-Summary-Reports-%E2%80%93-Rollovers-as-Business-Start-Ups-(ROBS)Also, here is how the process generally works.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new franchise corporation issues stock shares to the 401k/PSP for the benefit of the franchisee.The franchisee must be an employee of the franchise business and he or she may take a reasonable salary.The franchisee’s family members may be employees of the franchise business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.

21 January 2016 | 3 replies
The old broker can delay things if they don't transfer your license to the new broker and back to Trenton first.I believe I had my license transferred on a Friday and by Monday it was in place at the new brokerage.

22 January 2016 | 2 replies
If you do own the brokerage, which appears to be as simple as setting up an LLC and having a brokerage license, could I then shelter 50%+ of my sales commissions from self employment tax and add other people to my team?

1 February 2016 | 52 replies
The key is to decide what business you want and what you don't as a broker/agent.

24 October 2016 | 6 replies
It's been 9months since @James Wise and I went into partnership of the building and thought it was just to update this entrySince taking ownership we have a 100% occupied property with a huge mural advertising the brokerage and myself.

29 January 2016 | 11 replies
The owner of the real estate brokerage does fix and flips as well as buy and holds, his name is Greg Bennett.

8 March 2016 | 12 replies
It has been listed with a few brokerages for awhile.

7 July 2019 | 10 replies
I would recommend getting your brokers license once you've had your salesperson license for 2 years and start your own brokerage!

25 January 2016 | 3 replies
I started as a loan officer in Southern California, then went on to work as a title representative, then a mortgage broker (smaller brokerage), then a real estate broker, and finally onto the freedom of just strictly being an investor.