Posts by this contributor:

    The Three Ways to Control Taxes

    January 20th, 2017

    real estate business taxesMost of the tax planning advice that financial advisors give you really doesn’t help lower your adjusted gross income, which is what you have to lower if you are really serious about tax planning.  There are basically three techniques that can be used in serious tax planning.  I think it’s important for real estate investors to know how to: Read the rest of this entry “

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    Ten Things You May Not Know About an LLC

    November 21st, 2016

    llc operating agreement real estate investingA CPA friend of mine recently sent me a list about LLCs that he had sent out in a newsletter. I let him know that his source for newsletter information doesn’t understand a fundamental basic concept of LLCs–that the LLC tax structure and legal structure are totally separate from each other.

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    In Real Estate – Anonymity is a Myth!

    January 12th, 2016

    advanatages investing in real estateFor some real estate investing gurus out there, anonymity is the name of the game.  Some try to tell you,”No one can sue you if they don’t know who you are.” But you need to know that anonymity is a myth.

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    Due-On-Sale Clause

    October 28th, 2015
    Real Estate Investing Due on Sale ClauseWay back around 1980 when interest rates were climbing, mortgage companies wanted to make sure they got in on the action instead of being tied into 30-year mortgages at the lower, previous rates.  Wouldn’t it be nicer for them if they could ensure that if any property was transferred, any remaining debt would have to be refinanced at the current higher rate?

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    REI Investors – Hear About Latest IRS Scam?

    May 13th, 2015

    irs-phone-scamI was called personally by the “IRS” several weeks ago. The IRS folks left a message for me saying that the IRS was putting a lien on my property and issuing an arrest warrant for me, because I owed back taxes that had never been resolved. I was to immediately call and talk to an agent. I noted that the phone code read Washington DC.

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    How Long Does A Power Of Attorney Last?

    March 13th, 2015

    power of attorney real estate investingThe question of how long a power of attorney lasts has two different answers–a legal one and a practical one. First, the legal answer is however long you set it up to last. If you set a date for a power of attorney to lapse, then it will last until that date. If you create a general power of attorney and set no date for which it will expire, it will last until you die or become incapacitated. Read the rest of this entry “

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    Investors When Asked To Co-sign A Loan – Don’t!

    October 21st, 2014

    10-21-14 - co-sign-loanWhen you co-sign a loan for someone, you are taking on risk on with no return. When lenders refuse to give a loan to someone it is because they are too much of a risk. Consider the following about co-signing or guaranteeing a loan for someone else: Read the rest of this entry “

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    LLC Operating Agreement Template – Is Bigger Better?

    July 16th, 2014

    LLC  operating agreement real estate investingAn LLC operating agreement template lets you write your own LLC operating agreement. The operating agreement is a fundamental part of your company’s legal protection, yet many small businesses don’t have one. If they do have one, it is often only a 5-page token effort. What difference does that make? Articles of organization are not meant to just hang in the file cabinet. They need to be maintained and followed in the operation of the company to ensure that they work to protect both your company and personal assets from a lawsuit on either side. It is because of this that bigger really is better. A longer document can cover more exigencies (possibilities) and therefore offer more protection. Read the rest of this entry “

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    Save Tax And Use Savings To Invest

    May 28th, 2014

    taxesinvestsavingsHow do I save tax? Each quarter and year as taxes come due, do you feel that you paid more in taxes than you were expecting to and that you may have made some of the common tax mistakes that could have saved you money?

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    How To Choose An Executor Or Trustee

    April 29th, 2014

    How-to-Choose-an-Executor-or-TrusteeHow to choose an executor or trustee requires some thought and analysis.  An executor is the person or company that handles your estate after you die.

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