Or: Fire the professional who even suggests such a thing. One of the cardinal sins of real estate asset protection is to take title in the name of a C corporation. While there are certainly advantages to using a C corporation in business (which are discussed in my Rich Dad’s Advisor book Own Your Own Read more
Have you ever been driving around your city or town and passed by an open field and wondered if that field might be the only undeveloped land in the area? I asked myself that question many times, and actually found it I regularly hire and talk to CPAs and lawyers before getting too far down Read more
One of the most obvious sources for funding to consider when purchasing a property is the owner. After all, who has a more vested interest in seeing that a sale occurs? The seller is the person who will answer either yes or no when you ask, “Are you open to financing arrangements?” or “Are you Read more
Or: Why to avoid joint tenancies and tenants in common. It is indeed ironic that the two most common and popular methods of taking ti- tie to your real estate provide you with the least protection. Joint tenancy is one of the most popular forms of holding title because it provides for a right of Read more
Are entitlements difficult to secure? The answer is yes. Then why not purchase property that has already been entitled? You can, and most developers do. But you can make a lot of money by entitling property for yourself or for others without the financing or capital risk that other areas of real estate require. Entitlement Read more
So there are two possible outcomes of investing in a tax lien. First, and most likely, is the outcome that you will earn interest at a stated rate that can be as high as 18 percent. The other possible outcome is that the lien is never paid off (redeemed) and you get the property. These Read more
Tax liens are investments made possible by state law. Governments love to use tax money, but they really don’t like being in the tax collection business. And they especially don’t like to be bankers. Governments want their money now, so they can balance their budgets. So they have a serious challenge when a taxpayer, for Read more
By knowing, following, and implementing these few rules, you will not only properly protect your assets, but you will also avoid the many pitfalls placed in your path by the overpriced asset protection “gurus” and service providers out there who are more interested in your money than your situation. You will have the confidence to Read more
CURRENT WEALTH Once you have your dream firmly in mind regarding your real estate, the next step is to identify where you are today. When considering where you are today, list only your real assets, that is, those that are available to invest. Don’t list your car or your jewelry. But do list the amount Read more