How to purchase rentals

Many investors ask me what is the best way to acquire rental properties. Usually, finding investment properties is not the problem, but financing the properties. The main difference between buying “retained” properties (rentals) and buying investment properties to rehabilitate and resell is financing. For investment…

Business loan retention fees

Retention fees are “standard business practice” for some (but not all) business loan situations. Understandably, a commercial borrower would prefer not to pay that fee, so it is important for a commercial borrower to understand when it is most likely to be necessary. In fact,…

A review of the reasons for 401k transfers

There are several reasons why a person might consider transferring 401k assets to an individual retirement account (IRA). Visiting a qualified financial advisor can help you discuss your plan options and restrictions and consider alternatives. • Asset Consolidation – You may have worked for multiple…

Deficits drive taxes on nonprofits

In most US states, nonprofits will be tax-exempt for the most part. Federal law exempts charities from paying federal taxes subject to various qualifications. This is a generally accepted notion, as most charities do valuable work in our community. Also, many of these charities are…