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You need to protect your assets, trust me: When people are getting started in real estate, they often assume they need to form an entity like an LLC or an S corporation first thing. The two main reasons for this are to protect their assets from lawsuit and to take advantage of certain tax breaks. In my opinion, due to formation and maintenance costs, neither of these entities are...
Attorneys are people too: There’s a movie I really like called “The 13th Warrior.” It’s based on the epic of Beowulf with a few twists. There’s an extra character, played by Antonio Banderas, who ends up being the epics author. Another twist happens with Grendle. In the epic, Grendle is a humanoid-ogre type beast who appears at night to fight and feast on the warriors sleeping in...
Credit Fraud: I can’t stand a thief. Call me crazy, but I’ve always felt it’s more natural to go to work than to try to take something that’s not yours. In this day and age, thieves are getting smarter and working harder to take what belongs to you. This past month, I received a strange letter in the mail. It was from the IRS. Any time I get an IRS letter I ask my CPA about it. He...