tax

Today’s REI Classroom Lesson Blake Yarborough explains some mistakes people are making when filing their taxes. One major mistake made is utilizing expenses instead of capitalization. REI Classroom Summary If you’re able to depreciate an item over time instead of all at once, there are benefits to this that can help you be able to…

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Today’s REI Classroom Lesson In the 3rd part of William Bronchick’s series on joint ventures, partnerships, and syndications, he’s focusing on syndication. He shares how it works and the benefits it provides. REI Classroom Summary William Bronchick emphasizes that with any type of partnership or syndication, it’s important to get everything in writing! This leaves…

Today’s REI Classroom Lesson William Bronchick explains what partnerships, joint ventures, and syndications are, including how they work and what they allow you to do. REI Classroom Summary Learn more about roles and liability within different types of partnerships. William goes over multiple scenarios to help better understand the types of partnerships. Listen to this…

Today’s REI Classroom Lesson Today, Clint Coons talks to us about different strategies for setting up your legal entity, including when to set it up in the same state that you’re investing in and when it makes sense to establish your legal entity in another state. REI Classroom Summary With all states having different laws…

Today’s REI Classroom Lesson William Bronchick shares a few guidelines to think about when deciding what legal entity would work best for your business strategy (although you should always consult an expert on your needs specifically). REI Classroom Summary While LLCs make sense for some, a S or C Corp might work better for other…

Today’s REI Classroom Lesson Clint Coons shares how equity stripping can help protect your personal residence from creditors. REI Classroom Summary By having it look as if there’s no equity in your personal property, in most cases it will deter creditors from a further look. Listen to this REI Classroom Lesson Real Estate Investing Classroom…

Today’s REI Classroom Lesson Patrick Donohoe discusses the importance of asset protection, even if you don’t think you need it right now. REI Classroom Summary With technology today, it’s becoming easier to obtain personal information. By protecting your assets and knowing the laws of your state, you can make it more difficult for people to…

Today’s REI Classroom Lesson Clint Coons discusses different ways to protect your personal residence from creditors looking to go after your assets. Find out how these strategies work so that it makes you appear like your property is worthless (or is not in your name). REI Classroom Summary Clint discusses how both equity stripping and…

Today’s REI Classroom Lesson Clint Coons shares how to analyze your business to determine the proper tax election for your business. REI Classroom Summary Clint explains the need to consider how many LLCs you have and what types they are so that you know the proper tax election for your business. Listen to this REI…