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16 September 2024 | 6 replies
I am kind of struck with this property.When I try to sell this property before covid i got offer around 180k but do not want to sell in loss.
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16 September 2024 | 0 replies
Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.
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15 September 2024 | 6 replies
You might find success, you might find losses, you might find a lot of lessons learned.
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17 September 2024 | 38 replies
Cut your losses and get her out.
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16 September 2024 | 7 replies
I told my tax accountant that it should be considered as passive income to offset the passive loss from my rental property.
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16 September 2024 | 5 replies
Take a loss if you must.
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17 September 2024 | 8 replies
(Many syndicators are selling at a loss right now because they did not account for these things.)
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16 September 2024 | 35 replies
Super cool and not pushy, he connected me with his right hand man to explore some mentorship options and I enrolled in the masterclass since I feel like it matches my goals and visions, as well as it can fill the gaps of knowledge I have.
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13 September 2024 | 8 replies
In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing my total taxable income by $100k.
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15 September 2024 | 19 replies
Overall I would treat this investment as a high risk gamble and willing to accept loss if it failed but It's also a very interesting process to understand how the industry works.