Tag Archives for " real estate team "

Beware of the Wholesale Scam

 Every newbie investor hears that it is imperative to buy real estate “wholesale”, not retail.  The problem is, most newbies don’t know what a wholesale deal is, and there are a number of operators out there scamming newer investors with what they are representing as “wholesale” deals. Consider this a public service announcement and something […]

Continue reading

Invest in Deals, Not Markets

Too many novice investors try to time the market and ride the waves of market appreciation. Certainly buying and selling at the perfect time (when the market peaks, for example) is the easiest and most lucrative way to invest in real estate. It’s also the riskiest because few people have enough foresight to figure out […]

Continue reading

How to Create a Real Estate Business Plan

Any major endeavor worth doing right requires some sort of organized plan. Starting a business and getting it off on the right foot is no different. It’s amazing to me that most folks that are starting a business spend more time planning a 1-week vacation that they do laying out the steps of a business […]

Continue reading

12 Tips on Setting your financial goals Part One

I bet you wrote down your goals on January 1st this year.  Is that all?  Did you re-think them this month and write it down again?  If you don’t know what your goals are, how are you going to measure whether you’ve reached them?  And, I would bet that if you didn’t write them down […]

Continue reading

LLC Taxed as S Corporation

Should You Convert YourSingle Member LLC to an S corp?The LLC taxed as S corporation – good idea or bad? By default, a single-member LLC is classified for tax purposes as a “disregarded” entity, that is, the entity is ignored by the IRS and the sole member is the taxpayer. Thus, an individual as a sole […]

Continue reading

10 Things You Can Do for Your Real Estate Business Before End of Year

Don’t slack, there’s plenty to get done before the end of the month! 1. Clean up your Quickbooks. Make sure everything is entered correctly and reports print accurately. Hire a bookkeeper if you need help or try realestatetaxlaw.com for good Qbooks tools for real estate investors. 2. Corporate Records in Order. You need an annual meeting of […]

Continue reading

Personal Property Trusts

If you have been reading my articles, you are probably familiar with the concept of creating and using land trusts for privacy and protection of your real estate. However, what about your ownership of notes, mortgages, deeds of trust, leases and options that may appear on public record? What about cars, boats, mobile homes and other items […]

Continue reading

What are Your Financial Resources for Real Estate Investing?

When you attended your first real estate event, it was probably expressed to you that you don’t need a ton of money to begin investing; and that is true. However, having even a bit of money can help speed up the process quite a bit. It is also true that properties can be bought with […]

Continue reading

Curb Appeal 101

They say that 1st impressions are lasting impressions. By improving a house exterior you can attract buyers to look inside, where hopefully you have also done other great improvements! Exterior improvements can add not only curb appeal but can add to your bottom line by commanding a higher selling price on the property and a […]

Continue reading

Are You a Victim of Procrastination?

Let’s face it. Even the most ambitious of us sometimes faces the procrastination “demon” from time to time. Call it “Spring Fever”, “Summer Malaise”, The Winter Doldrums” or any other name- it’s all the same. For most of us, it’s a temporary state and sometimes indicates that we need to slow down a bit and get […]

Continue reading