I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications… Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications… Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people "usually" have some sort of a business degree but I don’t think there’s an actual "requirement". Besides, some of the advisor/planner "credentials" I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I "have to".

We own a house right now that we’re going to do a short sale with.. it’s worth way less than what we owe, but we have to sell it anyway.. Anywho, a friend of mine has already done a short sale recently (I mean purchased a house through a short sale) nearby. She also owns another home in another city. Now she’s thinking of buying our house, and renting it out to us. What are the implications of purchasing another home (would be her 3rd.. she’s not an investor or anything, or a flipper.. but bought them when they were really good prices). Anywho, she owns her own business, with a partner.. a travel agency. Apparently when she bought the 2nd house, that helped her out with tax deductions and such. But what about the 3rd house? I hope my question makes at least a bit of sense.. I’m asking this question for her, and I don’t completely know about this stuff.. hopefully you can kind of see where I’m going with it. ) Thanks in advance.

CPAS, Please confirm through experience how true this is? Pros and Cons?

There is a great way to buy a house if you have less-than-perfect
credit.

It’s called equity sharing, and how it basically works is that
a strong, established buyer helps out by putting up a down payment and
qualifies for the loan as a co-buyer.

The investor (parent, friend, or business associate) who puts up the down
payment usually does not live in the house. However, they can still get some
hefty tax benefits from the equity sharing arrangement.

…the way it’s done is that the nonresident partner officially rents his or
her half of the house to the resident partner.

The rent is precisely equal to the nonresident’s half of the mortgage
payment plus taxes and insurance. That way, the nonresident can also
claim depreciation, deductions, under IRS Schedule E. "Depreciation"
is an income tax deduction availabe to landlords to compensate for
general decline and upkeep.

I have been operating a small business out of my home for the past two years selling live koi and pond supplies. Business has been good and I love the tax deduction. But I am out growing my backyard and I have set up a deal with a local nursery to sub lease me 3500 sq ft of land for 00 a month….not too shabby. But now I need the funding. Setting up tanks and filters will cost apx ,000, not including labor. Then I need to build some sort of shade structure, another K, buy more inventory, K to K, and launch a marketing campaign. So I figure I need at least K just to get started. I have a credit line available to me for at least 40K, but I don’t want to use it as it has a high rate. Should I get an SBA? Those are such a pain. Search for an investor? and even bigger pain. I am working on my business plan as we speak. Just wondering what the best way to go is.

Any ideas?