When receive business income then use that against your business debt.Ask an accountant if this is the best strategy for you.

But honestly, money is only the result of hard work and/or wise investment (not counting inheritance, stealing it or receiving as a gift).

hey @Bryan Davis I recently received some calls about vacant lots for sale as well.

Once you are named as additional insured, and you have an ongoing relationship with the contractor, you will usually continue to receive updated certificates of insurance (until the contractor cancels the policy or notifies the agent to remove you from being named as additional insured).

I am aware that some lenders do not approve his sort of cash back at HUD, but is there something else I need to be aware of and watch out for.Thanks in advance for your valuable advice.

You are receiving income on today's value.

Very frustrating as using their own rules regarding the program the rent more than covered any loan balance I would of had so it should of been a no brainier to approve.

We will group our hold properties in asset sizes that we feel comfortable in an LLC.I need some guidance on our flipping entities:I have searched, talked to a few lawyers and a few different investors and the best advice I have received (in my opinion!)

He has strong W-2 income, excellent credit, a bank statement showing $108K in cash and only a $106K mortgage liability (held jointly with me on our primary residence).The underwriters are holding up approval of the mortgage because the $10K EM deposit was a check written off a bank account in my name only.

So your $6k out of pocket gets you a C Corp and ability to use retirement funds to buy stock in your C Corp.The things I did not consider:- You are an employee of your C Corp, so if you hire any employees you need to extend many of the same benefits to them that you receive, including participation in retirement plan- If you hire employees you need to offer them the option to also use their existing retirement funds to purchase equity in your business- Possible advantage of LLC over the C Corp- Once you sign and speak with your assigned independent counsel they will advise you on the increased scrutiny you face with IRS, need to keep additional records and document corporate meetings, etc.If I had a more complete understanding in advance I may not have gone this route.