We sent out word that the Corporate Transparency Act was again on hold, and what do you know? The news has changed again!  Who's paying for all this whiplash?

HERE'S THE MOST RECENT NEWS:   

Justices allow enforcement of corporate transparency law to go forward - SCOTUSblog

⊕  If you value your privacy (and before voluntarily filing your information), we highly recommend you check out this link with more information on the CTA, why you should be concerned, the likely outcomes, and a video announcement from attorney Jeff Watson:  https://marei.org/corporate-transparency-act-unconstitutional/

Should you file now or wait a bit longer? That is up to you and your advisors, but you can't unfile should the rulings change yet again. Check to see what information you might need and be ready. If you have all the required info, it only takes a few minutes per entity to file.

Link to File: https://boiefiling.fincen.gov/fileboir

In case you're still unclear how exactly the CTA affects independent investors, under the Corporate Transparency Act (CTA), independent real estate investors are required to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN).

     As a beginning investor and newer REIA member, I haven’t had many opportunities yet to discover the potential impact of also being a National REIA and Home Depot ProXtra member.   I am a homeowner though, so of course I have things that break and appliances that wear down that I have to get fixed.  
     I’ll spare you all the messy details, but suffice it to say, my refrigerator recently became too much to deal with and sent me on the hunt for a replacement. I started immediately with a search on the Home Depot app, where I’m registered with my ProXtra discounts, and I wasn’t disappointed!  
     I didn’t need anything top of the line or anything, and with my discounts, I saved a whopping 33% off with ProXtra discount and found a solution under $500!  I also checked around at some major competitors and their prices for the same refrigerator, including discounts, still came in around $50-$100 more. 

Could I have gotten a used refrigerator somewhere else for less? Maybe, but who knows how much life would be left on a large, used appliance like this? Better to go new and trusted, and as both a homeowner and investor, I can really appreciate saving hundreds of dollars on my needs.

I didn’t have to anything special besides enroll and shop!   Greater Dayton REIA Members can enroll quickly by downloading the Home Depot app and following the instructions .pdf found in ... Read More…

A feasibility study is a critical step in real estate investment, offering a detailed analysis of a property’s potential. It helps investors make informed decisions, mitigate risks, and align projects with market conditions, financial goals, and regulatory requirements. Including an architect in this process enhances the study’s accuracy and value by providing expert insights into design, functionality, and compliance.

Key Benefits of a Feasibility Study

1. Risk Mitigation
   A feasibility study identifies challenges such as zoning restrictions, environmental concerns, or construction costs. With an architect involved, these challenges are addressed proactively, ensuring that risks are minimized before development begins. Architects analyze the practicality of design solutions and anticipate structural or site-related complications.
2. Financial Viability
   The study evaluates costs, potential revenues, and ROI. An architect contributes by estimating design and construction expenses based on material selection and project scope. Their insights into cost-effective solutions help ensure financial viability, avoiding unprofitable ventures while maintaining quality.
3. Market Relevance
   By assessing demographics and market trends, feasibility studies ensure projects meet demand. An architect adds value by tailoring designs to target markets, creating spaces that appeal to specific buyers or tenants. Architects also consider how aesthetic and functional features align with ma ... Read More…

•  Learn key financial concepts: Understand how income, expenses, and assets work together to build wealth.
•  Develop investing strategies: Explore different investment options, including real estate, stocks, and businesses.
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•  Have fun! Cashflow 101 is an engaging and entertaining way to learn about personal finance.

•  Increase their financial literacy.
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No matter where you live, winter storms can wreak havoc on property. Taking action before and after storms can reduce the chances of serious damage to homes and lives.

Before the storm

• Outdoor furniture, grills, toys, birdbaths and the like should be stored away. Secure and anchor large objects such as prefab sheds and play structures.
• Trees can look like they’re in good shape, but may be diseased or have other problems that can cause them to fail unexpectedly. Trees stressed by drought or rooted in saturated soil can be more susceptible to problems when storms hit.
• Local ordinances may require that trees be trimmed a minimum distance from driveways, structures and power lines. For safety’s sake, a qualified professional should perform this work.
• Use binoculars to check your roof for missing or damaged shingles. Flying shingles can damage structures, while missing shingles can allow water to leak into the home. Any roofing repairs should be done by licensed professionals to ensure the work is done safely and correctly.

After the storm

• Look for downed or sagging power lines and report them immediately to your utility company. Always assume a downed power line is live, and never approach or touch it.
• Check around for fallen branches or other damage to trees and structures. This is also a good time to re-inspect the roof for storm damage; any repairs should be made as soon as possible to prevent further problems.
• Note any areas where water may have i ... Read More…