How Cutting Costs in a Recession can do More Harm than Good
Thursday, May 07
I read an excellent post in Monica O'Brien's "Resourceful Marketer" blog and I think everyone should check it out, "4 lessons from the food industry on how to make money in a recession ". It’s too bad her insights can’t be found in textbooks! I think she had some really good advice that totall...
How to Gain Business with Real Estate Investors
Thursday, April 30
Utilize your Network, and Get to Be Known! Real estate investors know what they want, where they can get it, and they don't have much difficulty finding it. Very often, they will rely on their network and referrals to provide assistance when they are in need of help. Obviously, you want to be a ...
Amortizing Loan Costs
Thursday, April 02
Last Minute Tax Tip - Loan Costs need to be Amortized You can maximize your tax savings by deducting all of your loan costs. Loan costs do not add value to your property (like title charges), and must be amortized over the life of your loan (and not depreciated with the property basis.) Find yo...
LOOK for property while on vacation and Deduct the Cost
Monday, March 30
Last Minute Tax Tip - LOOKING for new property while on vacation Be sure to deduct the cost of expenses incurred while looking for new property. Travel expenses in connection with the management of your investments are tax deductible if they are ordinary and necessary. At least half of ...
Last Minute Tax Tips on Minimizes Taxes Using Sale Expenses
Thursday, March 26
Last Minute Tax Tip - Minimize Taxable gain using Sale Expenses Many real estate investors overlook deductions when they sell their property. If you sold your rental property for a gain, make sure to minimize taxes by accounting for sale expenses - like closing costs, which can be found on the p...
Last Minute Tax Tips on Rental Income
Tuesday, March 24
Last Minute Tax Tip - Rental Income The lower your rental income for the year, the less that you will owe in taxes. By minimizing your rental income, you can reduce your taxable liability. This does not mean you should stop collecting rent, it just means you might not have to include all the...