
21 December 2018 | 13 replies
Due to inflation, the you are creating an arbitrage situation where your financing cost stays the same while everything else goes up.I'm emphasizing this as once this was taught to me I started to really realize how powerful it was to lock into a fixed debt payment for 360 cycles.

9 January 2019 | 3 replies
Keep an eye out for any neighborhood groups with lots of power, they can be ...... interesting.Once a grading plan is available, and you know where utilities are, you will be able to start working on zeroing in on costs.I would call a few local builders, and see what price point padded lots would interest them at.

21 December 2018 | 9 replies
I had a technician come out to diagnose the furnace - the diagnosis was that there was no electrical power going to the equipment.

21 December 2018 | 14 replies
First thing you have to do is have faith in your intelligence.Think on your own and use your awesome analytical powers to dissect everything you come across.Then write down where you want to be in 3 years.

12 June 2020 | 1 reply
Taught me the power of cashflow and creative financing.

29 December 2018 | 8 replies
Your GI Bill will actually become more powerful after you separate/retire due to its partnership with the Yellow Ribbon Program.

20 December 2018 | 0 replies
We were able to itemize instead of taking the standard deductions on our individual tax returns while it was our primary residence, by deducting mortgage interest, taxes and qualified improvements, but then learned the power of the P&L and taking business deductions against the passive income to offset our tax liability.

21 December 2018 | 1 reply
You will pretty quickly be able to tell who is just selling something and who can become a valuable member of your team.Best of luck as you explore this powerful alternative for putting your retirement funds to work.

21 December 2018 | 1 reply
This stands in direct opposition to a capital intensive industry such as manufacturing where employee and owner skill may be less important than the company's fixed asset profile.While S179 is a valid strategy in the attempt to drive a taxpayer's taxable income below the 'threshold amount' so the SSTB receives the un-phased out Sec 199A deduction, a SSTB may not have the investments in fixed assets necessary to drive them below the threshold during the year unless they're already very close to the threshold.Some other ideas for taxpayers owning a SSTB to lower their taxable income:Roll taxable bonds into tax-exempt bonds.Life insurance & annuities.Real estate (it's BP after all).Oil and gas investments.Charitable gifts (including CRTs).Gifts to taxpayers with lower taxable income (powerful option is to gift a percentage of the business to a trust).If a SSTB is well above the threshold, a compelling case could be made that the business should be a C Corp in the current tax environment.

4 August 2021 | 22 replies
There were more than 4 million homes that were eligible, but so many HOAs refused.However, with AB 670, HOAs no longer have that power.