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How to Choose the Proper Entity for Your BusinessAlso, this article is not going to discuss land trusts, which some of you may have just stumbled upon. A land trust is not an entity. Although it is frequently used in conjunction with entities, it is merely a paper device used to shield property ownership from the public. When I first got going, the recurring wisdom was that an investor should use a C corp for cash deals. By cash deals, I mean anything that throws off cash quickly. It might be a wholesale flip, retail assignment, rehab and retail, option, etc. [More] | Make Your Money Work Year-RoundContributing regularly makes investing easier and puts your money to work sooner. Through a continuous purchase plan, like those available from BMO Mutual Funds, you will be contributing more regularly such as monthly or bi-weekly. This gives you the comfort and convenience of making smaller, regular contributions to your RSP portfolio and it means your retirement account can grow considerably, due to the remarkable impact of compounding. [More] | Becoming A Battle Hardened Real Estate Veteran Without All The Scars: Seven Steps That Real Investors MakeStep 3 is to learn about supply, especially in the preconstruction marketplace. In some areas, there are very few projects on the books and in others, there are 15,000+ units expected to emerge within 1 zipcode, in 1 year. Same is true for investing in houses. In you are competing with a bunch of new houses that are coming on-line, then rapid price escalation may be limited. For most savvy investors, they like to see lots of demand with very little supply which is nothing more than common sense. [More] |
Unexpected Windfall: The Upside of Flexible Spending Accounts
If you have read my past articles, you will notice that there are some clear advantages that I can see with using Flexible Spending Accounts for your expenses. They provide a means to escape the expenses of the taxes that would otherw.
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