Archive for July, 2006

Stacey Williams question about naming her LLC

Tuesday, July 11th, 2006

Stacey Williams
I’m in the process of starting my real estate investing business. What is the best way to go about naming my business?

TOM – name it something that sounds like a service provider. It may give people a bad feeling to do business with an INVESTMENT company – so some people avoid that.

I do use the word investments in many of my LLC’s – and it does not seem to bother my clients.

 

Keith Stout’s asks Is filing a business name the same as forming the actual LLC

Tuesday, July 11th, 2006

Keith Stout
Hi Tom, Is filing a business name a separate thing from forming the actual LLC? Is all I need to do to get business credit applications is to file a business name? And, that name should reflect “management” in it for maximum credit lines? Keith

TOM – It is the same. Creating an LLC is getting your business name. That is the first step needed when you follow my system. Then you just contact my lenders and follow the templates.

The template suggests you say that you do mang. In order to get the biggest lines of credit. But that is not something you need to declare anywhere on the LLC filed paperwork.

Ara Sarkissian’s question about how to best use my investing system

Monday, July 10th, 2006

Ara Sarkissian
Hello Tom, I live in California. Do you have anything positive to say about the CA market and how I should be using your system? Where is the best state to have your LLC in that requires no yearly renewal fee? Thank you Ara

TOM – I do not look at what states are the best, I look at what deals are the best. So any really good deal appeals to me in any market.

The best way to use my money system is by investing in a deal that meets your personal needs. Are you looking for quick cash and willing to do some work? Are you looking for passive investments to pay you over time?

There are many good training programs that I recommend to help people find the kind of opportunities that meet their needs.

And some good states to start an LLC in are MN, AZ and NJ.

 

Joseph’s question about if he needs a job to qualify for lines of credit

Saturday, July 8th, 2006

Joseph
I recently became un-employed(July 2006). Will I still qualify for your Line of Credit Program? Thank You, Joseph S.

TOM – Yes, you can get business lines of credit even if you do not have a job. You will be doing a stated income application when you follow my program.

These lenders do not verify income or assets. This is no different from a stated income mortgage application, where no documentation or verification is required.

Shaun’s question about getting the best interest rates on these lines of credit

Friday, July 7th, 2006

Shaun
can you transfer balances between cards to get the better rates? And would you only be able to transfers balances within a company with the same partners?

TOM’S ANSWER – Yes, I just got a 3.99% rate for the life of the loan! And you can transfer balances between any cards with any combination of different partners

Short Sale secrets call replay will be at

Thursday, July 6th, 2006

Graham Treakle’s Short Sale secrets call replay will be at:
www.ShortSaleCash.Biz

Don Ferguson’s question about the Texas condo market

Wednesday, July 5th, 2006

Don Ferguson
Hi Tom–Don Ferguson again–we met at a Kiyosaki convention some years ago–I asked about the LaJolla project and your advice was very appreciated and heeded! Tx too for the materials–you continue to inspire me. I wondered what you thought of the condo market in Austin? We have a refundable deposit on a new downtown river view high rise with coming attached hotel to be done by 2008. They’ll require 5% (32k) deposit to hold and then balance to be paid upon completion. I’m just nervous about the over built US condo market, even though it seems Austin is a good market. Any comments? Thanks again and happy investing, Don

TOM’S ANSWER – I think TEXAS is the best market in america. I just saw CNBC say that they have the best prices of many major cities and one of my partners just moved to San Antonio to invest full time.

So the condo market in Austin seems good.

Don you should join my Inner Circle and work with my mastermind group and the potential partners that are in the Inner circle. I am the personal coach to the people in that group.

Look at the website @ www.GetTheCashFlowInnercircle.biz

 

Thorzine’s question about what else you need to get the money

Tuesday, July 4th, 2006

Thorzine
Is the an up sell program where you simply provide tidbits of information and tease along to the next level? Also, can this be done without the mentor?

TOM’S ANSWER – No, this is a complete system that gives you everything you will need to get the $200,000. The only additional cost you will have is to file for a business name, which is less than $40 in most states.

The system comes complete with Audio CD’s and a workbook that will act as your guide through every step. And you have access to free training calls many times a month. So you will get mentoring on this basic program at no additional charge!

Samuel’s question about what else you can use this money to invest in

Tuesday, July 4th, 2006

Samuel
Hello Mr. Kish, Correct me if I’m wrong, but it is my understanding that you were involved with the stock market before devoting much more of your attention to real estate. As of this point I have no concern for real estate and am focusing my efforts on the markets. Is it possible to access these lines of credit for use in the markets? Is there a different process, even if ever so slight, of setting up a business entity for the markets compared to an entity for real estate? Would a brokerage account have to be opened in the name of the business in order to use the newly acquired funds? There are probably many more questions, but I’m just wondering if you could tell me a little bit about how you approached it when you were trading. I’d greatly appreciate any help you could give me. Thank you so much.

TOM’S ANSWER – Yes I have spent many years day trading and trend trading. Any LLC you set up when using my system will get you money for trading, real estate investing or anything else you can think of.

AJ Brown is the man I recommend that my clients get their stock market info from. Contact him at
http://www.tradingtrainer.com/cashflowfromoptions.htm   and
http://www.cashflowfromoptions.com

Jeff Hutton’s question about the tax differences between C-corp and LLC

Tuesday, July 4th, 2006

Jeff Hutton
Do you think that borrowing money in a C Corp for flippers and longer term investments in an LLC is the way to go?

TOM’S ANSWER – you are asking me a tax question and I am not an accountant, so you would be better to ask your accountant that question.

I can tell you that in my state, I use LLC’s to flip and do long term deals.