Getting Started with Main Street Pulse.
Main Street Pulse offers guidance, information organization, and time-sensitive tracking for real estate investors and business owners, allowing them to focus on building wealth. The process involves:
- Setting up real estate properties.
- Adding any business entities.
- Linking the two together to establish a clear plan and structure.
This helps with tax planning and asset protection.
First, input all your real estate properties, including your primary residence and investment properties. Find out more about setting up real estate.
Second, set up your business entities. These could be a sole proprietorship, holding company, active business, or a trust. With Main Street Pulse, you can classify a business as generating active or passive income. Find out more about how to establish business entities.
Third, connect your real estate with your business entities. If you have an LLC that owns real estate, you can link them together. Similarly, if you have a holding company that owns other businesses, you can link them together. This approach works well if you have a trust that owns everything.