You should be making at least one formal written offer every day, 7 days a week, 365 days a year. Where people go wrong is to make an offer, then to sit back and wait for a reply before making another offer. Learn how you can get more of your offers accepted
Seller financing is the fastest way to sell a house quickly. Learn how you can sell with seller financing even if the house needs a lot of work.
Continue reading “Selling With Seller Financing Is The Best Way To Sell Fast”
Learn how to make money with foreclosures and avoid competition. "Pre-foreclosure" is one of those buzz words that get passed around in real estate investor clubs as something loaded with profit potential that offers a sure, easy, fast path to wealth and riches. No doubt there are profits to be gleaned from contacting people who are faced with foreclosure and who will surrender all or part of their equity in return for debt relief, payment relief, or shelter; but there's many a slip betwixt cup and lip.
Learn how you can avoid difficult real estate evictions by not renting to certain people in the first place.
Continue reading “Eviction! The Hardest Thing I’ve Ever Done In My Real Estate Business”
Time will pass by no matter what you do. Before you know it 2, 3, 5 years will be gone. If you don't do something different in 2012, you won't be any better off than you are right now.
Make a commitment TODAY to do whatever it takes in 2012 to achieve your financial goals and objectives.
This last week of the year is a great time to formulate your goals and create plans to make 2012 the best year ever
Real Estate Options will allow you to control real estate, equity, and cash flow with no risks, no cash, no credit, and no experience.
Continue reading “How I Made $12,000 In 9 Days… Using A Real Estate Option”
What could we accomplish if we combined trusts, corporations, and LLCs? Let's start by creating as much privacy as possible by placing all real estate properties into separate Illinois-type Land Trusts. Land trust are cheap and easy to form. Moreover, the U.S. Constitution and 100 years of case law support their validity in America. These can be formed under the laws of several States, but Section 55-17.1 of the Code of Virginia would be my first choice. Placing property into a land trust would create privacy by getting the owner's name out of the public records. This move would probably create a lot of confusion in the enemy camp.
Continue reading “Creative Combinations Protect Assets While Reducing Taxes”
Suppose we put our assets into trusts, and placed the beneficial interests into a Business Trust, as mentioned previously, and formed a corporation and used it to operate any business interests we had. This would provide both privacy and tax planning options. Next, let's have these two entities form a Limited Liability Company. It would be the part of our iceberg seen by the public. The corporate Managing Member of the LLC would meet and greet customers, sign contracts and leases. What might this accomplish?
Continue reading “Limited Liability Companies Complete the Strategy”
I'm an inveterate tool collector. I can't pass a flea market or garage sale without stopping to buy tools. I've got a footlocker full of miscellaneous tools that I rarely ever use. They sit there, at the ready, awaiting my call. But, they're neglected for the most part. Why? Because I'm just too lazy to put them to work. Over the years, my sloth has cost me a lot of money. I've a feeling that a lot of you readers have the same approach when it comes to financial tools.
In 1988 the IRS issued Revenue Ruling 88-76 which established that Limited Liability Companies would be taxed the same way as Partnerships are taxed, IF, they avoided having more than two corporate characteristics as identified in 26 CRF 301.7701-2,3 and 4 present in the entity. These include Centralization of Management, Free Transferability of Interests, and unlimited Continuity of Life, and Limited Liability. Most state LLC Acts attempt to achieve this.
Continue reading “IRS Rules LLCS are Taxed Like a Partnership”
