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Selecting the right entity structure for your real estate deal can mean the difference between building and losing incredible wealth. It's vitally important to incorporate correctly to protect yourself, your assets and your wealth. I get a lot of questions about entity structuring, particularly on legal, tax and compliance issues. Your goal is to find one that meets all three criteria. One size does not fit all. Structures can be changed.
This is the first of a four part series of Questions and Answers related to entity structuring.
QUESTION: I have seen that many investors have an LLC. What are the benefits to a landlord that only has one property? Should I create one?
How to Build Your Own Power Team
Successful real estate investors and business owners have one thing in common: they always have a team of experts at their disposal. Creating a 'power team' is vital to your wealth building strategy, and you will certainly be lost without experts to advise and guide you on your entrepreneurial journey. Your allies will protect you from financial harm, speed up your wealth creation and help you attain your goals whilst avoiding obstacles along the way.
Here are a few tips on how to find the right people to join your team.
How to find an excellent CPA
• They are not afraid to use creative, aggressive strategies to save you a TON on your taxes
• They have taken advanced tax courses
• They own real estate and continue to invest on a regular basis.
• They attend real estate conferences and bootcamps to stay informed.
• They have written articles, white papers and reports on tax-saving strategies.
• They have a long-standing reputation for being ethical and knowledgeable.
• They are competent, hungry, energetic and willing to what it takes to help you build your wealth legally.
You can get a free consultation with me HERE
***Scroll down to see the 2015 Marketing Update***
Marketing, marketing, marketing. Yes, you may be used to hearing 'location, location, location, but if you don't have a marketing strategy in place, your business will die. The businesses that survive economic downturns are usually the ones that ramp up their marketing when everyone else is running scared.
It doesn't matter what kind of entrepreneur you are, you must invest in both online and offline marketing to keep the 'Top of Mind Awareness', which means you want to be in front of your prospects ALL THE TIME. There are many ways to do this without breaking the bank and you can either do it yourself or hire a marketing assistant. I hire marketing strategists to help me keep Wealth Building CPA in front of my prospects all the time. If I stopped marketing, I would definitely not be able to grow as a business.
I've asked some marketing experts to reveal their tips and strategies on how you can implement powerful techniques to keep you on top of your game.
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Our Free Assessment allows you to find out just how much you could have saved over the years, and how much you could save in the future. Assessments can find missed deductions, potential audit triggers and identify compliance and asset protection risk.
For those about to file taxes, we offer a free consultation. Learn how you can legally reduce the amount you pay out, personally, or maximize the financial efficiency of your business as a whole. We also advise on business formation and business restructuring.
At the Wealth Building CPA we teach our students how to become savvy and wealthy investors without making costly mistakes. Our many articles, webinars and podcasts demonstrate how to use money and tax strategies to maximize profits and minimize losses. This aggressive approach will fast track you to financial success. We implement a lot of the teachings from renowned real estate and wealth building experts such as: Robert Kiyosaki, Robert Allen, Scott Scheel, Ron Legrand, Zig Ziglar, Carleton Sheets, David Lindahl, Robert Shemin, Dave Ramsey and many more.
5010 Sunnyside Avenue, Suite 210Beltsville, MD 20705Tel 888.502.3767Fax 866.466.3146
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