Ready Investor One

Description:  Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy. In this episode, Carmen and Paul dived in to the intricacies of structuring family-owned businesses and managing real estate investments. They discuss the use of subsidiaries, parent entities, and the advantages and challenges of various business structures. Additionally, they explore the benefits of self-directed IRAs for real estate investing, tax planning strategies, and asset structuring for optimal financial management and intergenerational wealth transfer. Key Takeaways: Utilizing subsidiaries and a parent entity can streamline management and consolidate filings for family-owned businesses operating in multiple states. Separate entities and accounts are essential for managing real estate investments, with technology playing a crucial role in consolidation and integration. Self-directed IRAs o