Accounting/Business Management

Do You Use Multiple Companies?
Q - WE HAVE AN S-CORP FOR FLIPPERS AND AN LLC FOR HELD PROPERTIES AND THEN OUR TRUST CHECKING ACCOUNT. DO YOU USE ONE COMPANY FOR FLIPPERS, ANOTHER FOR YOUR...
Tue, 10 Jul, 2018 at 7:55 AM
Line of Credit
Q. We have heard stories of other investors, including Tim...we think??, establishing lines of credit at local banks to use to fund deals. We recently attem...
Tue, 10 Jul, 2018 at 7:57 AM
EIN & TIN Numbers
The bank is asking me for a Taxpayer ID number. I have gotten an EIN number on the trusts that I have created but I have never gotten an EIN number for my L...
Tue, 10 Jul, 2018 at 8:02 AM
Accounting Service
Q. What is the contact information for the accounting service that spoke at one of the recent events? A. Street Smart is now recommending an accounting ...
Tue, 10 Jul, 2018 at 8:03 AM
Loan to Business
Q. Sometimes one of the partners has to loan our LLC money via check or credit card to pay bills. How do I account for this in the books? A. There needs...
Tue, 10 Jul, 2018 at 8:04 AM
Subject to Mortgage Correspondence
Q.I still have not been successful at getting the banks to start sending information to my office for our "Subject to" deals. What is the best way...
Tue, 10 Jul, 2018 at 8:06 AM
How Do I Set Up A Funding Company?
Q. Listening to the CDs. The discussion about creating a funding company and trust and getting money on Promisory Note was an epiphany. I didn't sleep ...
Tue, 10 Jul, 2018 at 8:09 AM
Bank Accounts
Q. In the member forum I see articles regarding 2 types of Bank Accounts using trusts One is the "Funding Company Account" (Art.ID 99) and the oth...
Tue, 10 Jul, 2018 at 8:11 AM
Replay Number Generated
What is the replay line number for tonight\'s call? That number is: 1- (212) 461-8814. Please allow 24 hours for recorded calls to be up and running.
Tue, 10 Jul, 2018 at 8:12 AM
How to Structure Business
Q. I recently bought an Asset Protection program and they suggest I set up a Nevada C Corporation to manage my rental properties and hold the properties in ...
Tue, 10 Jul, 2018 at 8:13 AM