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3 July 2018 | 78 replies
The HY accounts interest income would be taxed at ordinary income (a CPA can fact check me on that), which is a higher rate but you would have less in absolute gains to get taxed on.In general, your 2007 sheet highlights the main argument for using a fixed income instrument or HY savings account over investing in an ETF/Index Fund to save.
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20 April 2015 | 25 replies
He does a good job of highlighting the key elements to becoming a millionaire for most "ordinary millionaires" that don't get a lot of media hype.
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5 March 2021 | 5 replies
Bridge loans are used when you plan to get a more ordinary loan in the near future, but right now there are reasons why you can't.
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11 February 2017 | 45 replies
But look at an ordinary passive rental property and it comes out no better than investing in the stock market.And I say this as someone who owns a 2-bedroom condo in the Washington, DC area that rents furnished for $4,000/month long-term (currently on a 25-month lease, i.e. a $100,000 payment guaranteed by the Brazilian Embassy) or up to $8,000/month during peak months when on Airbnb.
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22 September 2013 | 15 replies
In ordinary circumstances, since you have already lived in the property for five years, there would be no need to notify your lender that you are converting the property to a rental.
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5 October 2016 | 58 replies
My story is like many...When you talk about biggest Gaf in real estate, some might relate to this odd but not out of the ordinary scenario.
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14 January 2020 | 5 replies
Your request is above and beyond the ordinary day-to-day management of the property so it's reasonable that you compensate the manager for that additional time.
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27 February 2019 | 23 replies
I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate".
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20 February 2015 | 15 replies
We purchased our home in Atlanta through a relo company, but other than a couple addenda, it didn't seem out of the ordinary.
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5 December 2014 | 11 replies
Flip income is taxed as ordinary active income anyway so it can't get any worse than that.