        |
Use Your IRA to Invest in Real Estate
A retirement account (traditional IRA, Roth IRA, SIMPLE IRA, SEP, Keogh, 401k, etc.) is not an investment! It's simply a special account that holds your investments. It can hold many types of investments, such as mutual funds, stocks, bonds, and…drum roll, please: real estate.
(more…) |
|
Ten
Questions
to Ask Your Accountant
I bet you know someone who has a regular old job with a regular old salary who's built a large net worth over the years. Conversely, I bet you also know someone who makes tons of money but has no net worth! What's going on here? Well, the obvious answer is: money management (or mismanagement). Money management matters! Our money, whether we have a lot or a little, must be managed. Make a commitment to yourself to be a good money manager. It requires a bit of study and effort but the rewards are great. (more…)
|
|
Does Your Investment Property Still Measure Up?
The purpose of this article is to give a friendly whack upside the head to people who own rental property. You probably made a good investment when you first bought the property. But have you owned it too long? Depending on how long you’ve held your property, it might not be a good investment anymore. I didn’t say not a good property; I said not a good investment. Read on to find a simple way to determine if your property is still measuring up. You may be in for a surprise! (more…) |
|
All Dollars Are Not Created Equal
Have you ever asked yourself, "How come I earn so much income, but never seem to have any money?" It’s a common problem and the answer might lie in the type of income you’re earning. Let me show you what I mean. Right now — reach into your wallet and take out three one-dollar bills and set them on the table in front of you. Look closely. Except for the serial number they’re all the same, right? Wrong! Dollars are not all the same. As a matter of fact, some dollars — such as those earned from owning real estate — are twice as good as other dollars! I’ll prove it to you. (more…) |
|
Save Tax by Exchanging
If you're not aware of how exchanging works, you're missing one of the biggest opportunities in real estate today! Exchanging is the tax code's most powerful reward for owners of investment real estate. Let's cover the basics. In general, an exchange is accomplished by selling your property and buying another. The process is much simpler than most people think. It's really just a sale and a buy, with a few curveballs tossed in for good measure. (more…) |
|
|
