Tom Bell
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The Best Way to Pay Off Debt: 7 Precautions for Paying on a Negotiated Account
\"Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.\" — Ogden Nash Successfully negotiating a credit card balance, medical bill, or past-due account down to a manageable amount is a significant win. However, the moment between reaching an agreement and…
Why You Need an LLC and Operating Agreement in Real Estate
For real estate investors, a limited liability company is one of the most powerful and most misunderstood, business tools available today. After more than 35 years advising real estate investors, landlords, and small business owners across Michigan, I have seen the same costly mistake repeated over and over. People invest…
Loan Workouts: A Solution for Missed Small Business Loan Payments
If your business struggles to make loan payments, you are likely thinking about what comes next. You might have recently defaulted, or perhaps you are afraid you are about to. A commercial loan workout may be your most powerful tool. It can help you survive this crisis without losing your…
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