It is the one subject that is guaranteed to turn heads: Taxes. The average American will pay more in taxes in their lifetime than any other expense. This is why you MUST use each and every tax deduction available to you.
When it comes to business credit cards, there is a whole gamut out there, and some business credit cards are not business cards at all. It's important to do your homework first.
You need to identify what the expected return on the purchase will be, and then figure out if there is a potential tax deduction that can be utilized. Get your net result, and compare it with the projected returns on the other investment you’re considering.
Whatever your image may be of risk management, it is that and more. All of us have areas of risk that must be addressed and mitigated, and many of us have risks that we are not even aware of.
There are many, many misconceptions out there about credit and how it works. It can be overwhelming to navigate through all the noise, especially if most of your information is coming from the very people who want to sell you MORE credit!
Virtually every real estate investor and home buyer out in the market competing with you to find their next property will consider curb appeal, asking price, and comp sales, but they may not be thinking of some other very crucial details.
Some of you have told me you are looking to find ways to take excess cash off the table to put into investments that can grow for you in a “set it and forget it” strategy.