PRIVATE RESERVES: Private Reserve Accounts and Non-Reportable Income
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PRIVATE RESERVES: Private Reserve Accounts and Non-Reportable Income
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PRIVATE, RESERVED, AND EARNING
Cord is back and today he continues his discussion about private reserve accounts. He defines what these type of accounts are and breaks down its benefits and how it helps you in the long run by limiting your liability in each individual transaction. Learn more in this latest episode of the Modern Financial podcast.
HIGHLIGHT QUOTES
CORD: PUT IT WHERE YOU DON’T LOSE IT
“It's all about limiting your liability within each individual transaction, and have a non-reportable income as it grows. My friends go out there and be legendary because you are. If there is somebody that you know that's doing real estate transactions without having these accounts, they're doing it the wrong way.”
Where to find Cord:
- LinkedIn: https://www.linkedin.com/in/cordburner/
Where to find Andre:
- LinkedIn: https://www.linkedin.com/in/andre-vicario/
- Modern Financial website: https://www.modfinancial.com/