From the category archives:
I love taxes which is a huge paradigm shift for me! I used to hate taxes so much that I used the tax code to reduce my taxes to zero. Yes, that is right, I paid zero taxes for a very long time legally! When you invest in assets, you can depreciate them and use depreciation to reduce your taxes. Is that the only way to reduce your taxes? No, learn what rich people do to lower their taxes. Read More…
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Invest your tax refund or send it to me! It is all about choices. What are you going to do? I know some will pay down debt, add to savings or fund an IRA. If you are going to go out and spend it on dinner, clothes, electronic toys or something that will break, wear out or finished in an hour, you can always send it to me! What choice will you make? Read More…
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Now is the right time to buy rental properties or get a new mortgage. The numbers make a lot of sense because everything changed in the last few years. The housing bubble burst, many people can no longer afford to buy and interest rates cannot be any lower. Is this a perfect storm? Rental property is all about the numbers and the numbers look really good. What are you going to do? Read More…
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Landlord nightmares, I lived through it or did I? Everyone presumes that all landlords make a ton of money. If you buy at the right time and get a good low interest mortgage, you can make a lot of money. If that is all there is to rental property, it would be easy! Rental property is a business! But that is just part of the story! Read More…
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Are You Ready to Be a Landlord? Interest rates are the lowest in more than sixty (60) years. Housing prices are the lowest we have seen in many years. Foreclosures are still happening daily. Is this the right time to buy real estate? Read More…
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How to avoid problem tenants? If you ever thought about investing in real estate, renting out your home or a room in your home, you should read this! Earning money from income property can make you rich or cause you a lot of problems! So take it seriously! Read More…
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The Federal deficit is rising and Congress is trying to cut the budget, however it is inevitable that taxes will increase sometime in the future. In a recent article in Fortune Magazine, it talks about a quirk in the tax code that allows high income earners an opportunity to build savings and shelter more of their income from future taxes. Has Congress gone mad? Read More…
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All statistics say that most people do not save enough money for retirement. Are you one of them? What are you going to do? Are you going to work longer? Are you going to cash out your house? Do you plan on taking a reverse mortgage? I may have a solution for you! Read More…
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Psssst! Do you want to know a secret? Actually, these are well known strategies in achieving goals. By now you made your 2011 New Year’s Resolutions. What do you do now? Take some time to understand where you are as of January 1st. Whether it is a financial, personal, or business goal, I hope my approach helps you achieve your New Year’s Resolutions. The most important part of goal setting is periodic monitoring and adjusting your efforts to reach your goal. An aggressive or impossible goal can be made possible! Read More…
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Most people have a goal of someday owning a home. This is true whether it is a condo or a house. Even in these difficult times, everyone would rather own their home. There are three major obstacles to home ownership which are credit, down payment and the ability to handle the monthly payment. Credit is usually identified by FICO score. Read More…
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