Asset Protection for Real Estate Investors
The first 10 years of my real estate investing I ran my business as a sole proprietor because I really didn’t know any better. Luckily, I survived with only minimal damages, but there comes a point when it is time to assess the best legal structure to use for real estate investing.
If you ask 10 experts you are likely to get 10 different opinions. With that in mind, I’ll share my opinion and experience. Remember: free advice is always worth what you pay for it.
If you are a beginning investor, it’s probably best to not worry about asset protection until you actually have a few assets to protect. Why spend time and money setting up a business entity and creating tax reporting requirements unless you need to? It’s like buying full coverage auto insurance on a beat–up Gremlin…what’s the point? read more…
Assembling your Real Estate Investing Team
There are several important things you need to be successful in real estate investing, one of which is a great team. I’m going to talk briefly about who should be on the winning team:
1. Your Mentor – every successful entrepreneur needs a good mentor. A guide. By training under the watchful eye of one smarter then us, we can only get smarter. Start at your local investment club
2. Mortgage Broker – you want someone who has the experience of working with other investors. They need to be creative and smart!
3. Real Estate Attorney – it is really important to have someone on the team who can go through contracts, and who knows the legalities of all your moves. read more…
Arranging the Finance for a Resale Property
Before you start to look for a property in France it is vital to know your budget. How much money do you have? How much are you prepared to borrow? Can you obtain a loan for the amount you require?
Different regions of France, and different parts of those regions, have varying prices for similar properties. Many local and national factors come into play in deciding the price of property across France, as in any country. Until you know your price range it is difficult to start searching for the area that suits you.
There are many UK banks and building societies that lend money on French property; there are also French banks that lend to foreign buyers or you may choose to raise the funds on your current property. You can search lenders out directly, use the services of a financial adviser or mortgage broker, or come to VEF for help and advice. read more…
Arkansas Real Estate – Forget the Rat Race
Arkansas is a state that harkens back to a more relaxed time of life in our country. If you’re tired of hearing 90 cell phones ringing, moving to Arkansas may be the answer.
Arkansas
Unlike many states, Arkansas has made a concerted effort to protect and maintain its past. It is equally protective of its small, rural town heritage with even the biggest cities feeling like friendly, uncluttered towns. If playing in the great outdoors is your idea of a good time, Arkansas offers scenic mountains, rivers, forests in which you can play to your hearts desire.
read more…
Arkansas Real Estate – Forget the Rat Race
Arkansas is a state that harkens back to a more relaxed time of life in our country. If you’re tired of hearing 90 cell phones ringing, moving to Arkansas may be the answer.
Arkansas
Unlike many states, Arkansas has made a concerted effort to protect and maintain its past. It is equally protective of its small, rural town heritage with even the biggest cities feeling like friendly, uncluttered towns. If playing in the great outdoors is your idea of a good time, Arkansas offers scenic mountains, rivers, forests in which you can play to your hearts desire.
read more…