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“Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand." -- Robert G. Allen

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7 Tax tips for new real estate investors


As a new investor there are a number of things you need to consider when setting up your business. It is important that you set it up correctly.
1. It is possible to do a few investor deals before you set up a business entity (LLC, S-corporation, or C-Corporation). If you do not have an entity set up you will report your business transactions on a Schedule-C tax form, as a sole proprietorship.
2. There is more than one type of tax on a business. There are four general types which include income tax, excise tax, employment tax and self-employment tax.

Doubt whom you will, but never yourself. Christine Bovee

 

Why No Real Estate Investor Can Live Without An Assistant

Why No Real Estate Investor Can Live Without An Assistant

Having an assistant is one of the best investments you'll make as a real estate entrepreneur. Like all parts of your business (and yes, buying, leasing, and selling houses is a business), they require an investment of your money and also your time. You'll need to invest a little money in order to hire, train, and compensate them for their
. And, you'll need to invest some time to help them get the job done right-more in the beginning and much less as time goes on.

Real estate investing-----5 myths that keep people from starting

Who doesn't want to make a little extra cash every month. Especially if that money just shows up in your bank account without you actually working for it. Passive income is the way to go. And real estate investing is a pretty passive income stream that can pay you while your sleeping.But a lot of individuals let other people's fears stop them from investing in real estate. And because of that influence they deny themselves and their families the benefits of having extra money show up in their bank accounts every month.

Tenant Moved Out Left You Holding The Bag

Tenant Moved Out Left You Holding The Bag
ByBill Gray
August 10 2009
Perhaps your tenant lied and took advantage of you. He may have skipped out on the lease or you may have evicted him. In either case, he damaged your rental and cost you money! What do you do now?
1. First, set your emotions aside and spend some time organizing your ex-tenant's file. Whether you own one unit or one thousand, or whether you manage your rentals full-time or part-time, you are running a business. Any successful business keeps well organized, complete records.

“A successful person is one who can lay a firm foundation with the bricks that others throw at him.” - David Brinkley, Newscaster

 

Foreclosed Home Investments

Foreclosed Homes Investment

Foreclosed Homes Investment
BySonia C Llesol

These days, lots of homes are foreclosing, a fact that many homeowners have to deal with. The effect is very significant that it is still strongly felt by the real estate market today. Despite that fact that the industry is struggling, foreclosure still offer opportunities. Investing in foreclosure, you could gain rewards. Nevertheless, you should determine what makes foreclosure investment ideal.

To begin with, there are two basics, such as a list of foreclosed properties for sale and ample money or credit to purchase one.

“Do not go where the path may lead, go instead where there is no path and leave a trail.” Ralph Waldo Emerson, Poet

 

Create a definite plan for carrying out your desire and begin at once, whether you are ready or not, to put this plan into action. Napoleon Hill

 
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