Your LLC, S-CORP, PARTNERSHIP could disqualify your kid from getting upto $100k in Financial Aid.
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Women Entrepreneurs, they wanna get into real estate investing, however they see it as a challenge.
I'm not excluding you gentlemen, but this here is mainly gonna be directed towards an overall, but mainly towards the women entrepreneurs to help them, just as well as the gentlemen, how to get into real estate investment, okay? And the first thing you have to do understanding that even though [01:32] ____... Number one, you have to have... You have to clean your credit, okay? And the reason that I say clean your credit, it's because even with hard money lenders, they're not trusting. Some of them, if you've been out there long enough, they'll deal with you. But if you're a newbie coming into the game, hard money lenders, they're gonna see what's on your credit. They're gonna look and see if you ever owned any type of real estate before. Because again, as I told you all before, your credit is your personality. Your credit tells a lot about you, whether it may be true or not, it does say a lot about you.
That's the reason that I try to encourage you all. First, fix your credit. And it doesn't take a long time to fix your credit. I know there's a lot of credit repair companies out here that have disappointed many of you with the credit process. That's the reason that, with our program, I implemented the escrow accounts. So, that way, it protects you as the consumer, as well as making sure that the job gets done. That means that you put that money in escrow, and the repair company cannot access that funding until they are able to show that they have cleaned the credit, at least between 75% to 80% of that credit. So, there's no way that you're gonna be taken advantage of, not if you're coming through my company, okay? And we have four different divisions that deal with credit, plus an in-house attorney, which is very good.
I had been being becoming annoyed with a lot of my female clients lately and I didn't know why. Checking out this Forbes post made it clear to me why I was feeling the way I was feeling. It was because to me they were seeming to constantly be apologizing.
Lease freakin' you out ... well you are not alone and if the lease doesn't freak you then something is definitely wrong. The lease as we know is a complex document and it is meant to be that way. It is full of legalese and I can say in my 10+ years of being in the commercial real estate leasing, lease administration and property management industry of reviewing leases I have yet to see a simple lease. The lease is so complex that major companies hire its own legal and accounting departments to handle its lease issues. So, if the major companies takes such precaution where does that leave the little man. Think about all the commercial tenants, landlords and property management companies that don't have these resources or for that matter who are clueless. Yes, the lease should freak' people out - it is so convoluted.
How do we get pass this over rated document? Knowledge, preparation and prevention should always at the forefront when addressing any concern dealing with the lease. The 5 W's, how and if should always be addressed in each provision prior to executing the document.
A simple notice provision, as it may seem, could trigger default, litigation and fees. How? To not send notices as specified, not in the t time frame, etc. Yes, a simple notice provision could trigger a disaster if misunderstood or overlooked.
Yes, the lease should be freakin' u out, if you are not knowledgeable, prepared and able to implement prevention measures to stop you from being in a bad situation. You shouldn't learn about the the various situations your lease can put you in as you go, but prior to ... through research. Believe me it pays off.
In truth knowledge is expensive and very few people are giving this kind of knowledge away. And the profit margin is high for the attorney, accountant, property management company, etc. which stand to gain through individuals not being knowledgeable of the lease, the situations that revolve and/or may revolve around the lease. Yes, the lease should be freakin' u out.
I know the lease can freak the tenant, landlord and property management company out having been in the role of the property management company/landlord and tenant ... that is why I can honestly relate and talk to all parties and tie these roles together and say one does not work without the other.
Don't let the lease freak u out. Study to show yourself approved, not ashamed and able to speak up for yourself.
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