Should I Establish a Legal Business for my Real Estate Investing Business?

The focus of your real estate investing business should be marketing and finding houses to buy.
However, as your business grows, it will be beneficial to establish a business entity like a Limited Liability Company or LLC
to use when you purchase investment properties.
For the first few deals, it isn’t a necessity, however in our Wealth Building Through Financial Literacy Course, we teach
that you should start things the way you expect them to go and essentially plan your exist from the beginning, so with that
said we advocate filing your company as soon as possible.

Essential Steps to Starting Your Own Business


For many people, starting your own business is the ultimate goal in life. Some will learn
a trade or vocation, work for a company for years and then go self-employed.
Others may turn a hobby into a business after doing it for fun for several years, whether it
is product or service-based.
Whichever way someone starts a business, it is always a risky move.
Most often, people will go from a steady income to a fluctuating one for some time while in
the beginning stages of their business.
However, this should not put you off.
There are many positives to starting a business, from doing what you love to the freedom
it can give you, from being able to live anywhere in the world to having more time at home
with your family.
This article will run through what it means to start your own business, the reasons behind

Never Buy Resale, Purchase Wholesale or Discounted

Some of the best places to purchase products wholesale are on sites such as;
Alibaba.com
Temu.com
and so on,
other resources to purchase discounted are auctions, below are some of the best auction sites;
www.sierraauction.com | a Gov deals Marketplace
www.WilliamsAuction.com | Real Estate Auctions
www.auctions.godaddy.com | For Digital Real Estate Domain Names
https://hibid.com/texas (“or whatever state you’re in”)
www.appleauctioneeringco.com
www.hubzu.com | Real Estate

Higher End
www.Sothebysmotorsport.com
www.ten-x.com

Bank on the Government

Get Government Security Clearance either have to be sponsored or be in the military
Go to Clearancejobs.com
Search for ability to obtain
Learn basic tech skills
Get a certificate for these skills
Add certs to resume start applying for positions
Be great at what you do show up and show out

Ofhl Weekly

Markets:

  • NASDAQ
  • NYSE
  • S&P 500
  • Small Caps
  • Private Markets

Recap on the week:

What this means for the week to come?

Calendar:

rss feed of financial events from; Fed meetings, to reports such as CPI, Jobs Reports, etc. Webinars, meetings, events in the Financial Literacy world.

Job Market:

Recap:

What this means for the week to come?

Real Estate Market:

Recap:

What this means for the wek to come?

Personal Finance Tips, Tricks, and Hacks:

Business Development Tips:

Family Banking

Setup a Family Trust,
Start a Family Non Profit Foundation
Hire Your Children as Employees of your for profit business pay them up to $14,600 yearly tax free, which can then be matched with a Custodial ROTH, put into a HYSA
Incorporate a business for each child
Leverage the businesses credit to purchase income generating assets.