May 16
These are just some importantphone numbers that will come in handy while you start building business credit.
May 16
When I first got into this business credit and shelf corp game, I figured it will be an awesome idea to just incorporate many businesses and leave them. 5 years later I wish I did. I felt like. $79 to INC in FL and $150 a year for annual reports is a solid investment. A 3 year old corporation will cost me less than $400 and I can easily sell it for $1000. That’s a 100%+ return in 3 years. Well I did INC a couple and still have maybe 2. I sold off some of them and I just didn’t keep up with the filing of the annual reports online due to laziness and lack of foresight.
Well as I always say, you always learn something new. Apparently, New Mexico LLCs are exempt from filing annual reports. Yea, I know, CRAZY. So y
May 16
Since I am gotten into the business credit industry I have gotten more questions than I will like to admit about buying real estate with business credit. A couple years ago it was possible, but extremely difficult to get a commercial mortgage with no PG, and it is simply impossible to get it now. Strangelyenough though, it may be easier than ever to buy real estate with business credit now.
You can buy homes cash. Yes, you read it right, with cash. This will mean that you will pay for the house in full without getting a mortgage. Basically you will have to find homes that are cheap enough to acquire enough business credit to buy it cash and still have the ability to afford the monthly payments. It seems that Detroit is giving us this opportunity.
May 16
You all know that one of my goals with the new blog is to expand the focus outside of simply business credit and add more information on personal credit and making money with credit. I have explored the option of forex trading and spoke briefly about creating a forex fund or offering managed accounts so that you guys will have access to these alternative investments.
A few years ago, I was considering starting a real estate syndicate. Basically this is where a group of people will invest money in order to invest in real estate. I was speaking to one of my mentors today and telling him that I think now is a great time to do so. I have been giving advice to a client of mine on which real estate markets are relatively stable and accessible when I realized that this is a great time to reconsider starting the real estate syndicate.
May 16
For the past few weeks, many Americans have watched in horror as massive amounts of oil spill into the Gulf of Mexico. An oil rig about 50 miles southeast of Louisiana’s coast exploded on April 20 and killed 11 workers, and sank two days later to 5,000 feet below the surface, according to CNN. The well has been spewing an estimated 210,000 gallons of crude oil in the ocean each day.
The owner of the well, energy company BP, is getting plenty of flack. It has taken responsibility, but it hasn’t been able to stop the leak. Since April 20, the company has tried various types of caps and domes to plug the leak, and it has even discussed shooting garbage into the well to plug it.