Hi there,

My husband and I are first-time landlords due to a property inheritance. The home we inherited does not currently have a mortgage on it.

We are looking at refinancing our primary residence, and I'm thinki...

I completely ignore tax implications with my business model.

You will get all the information.Basically this "little" piece of legislation would make it illegal to own a firearm - any rifle with a clip or ANY pistol unless:.It is registered.You are fingerprinted.You supply a current Driver's License.You supply your Social Security #.You will submit to a physical & mental evaluation at any time of their choosing.Each update - change or ownership through private or public sale must be reported and costs $25- Failure to do so you automatically lose the right to own a firearm and are subject up to a year in jail.

Start networking with the members there. 4.Social forums like this is also a good place to find buyers. 5.Local newspapers.

First off, I just want to say how excited I am to be apart of this community and glad to see that Bigger Pockets has really stepped up their game over the past couple of years by embracing Social Media & providing massive value to their members.

:lol: I think what may be a factor in it though is that higher "prices" leads to higher property taxes - but more social services.

If you are working preforeclosures in California you really need to fully understand the implications of the Foreclosure Consultant Act.

As I responded to this in another thread...It's now been over 40 years since socialized medicine became a core part of our country's medical system (Medicare implemented in 1965), and yet most of the predictions Reagan made on that record haven't happened.Which leads me to believe that Reagan was incorrect in his assessment.

Where and when it is needed.If you purchase a "buy and hold" rental and your purpose is to unwind it for a profit when your income is at a lower tax rate, typically retirement, then that is where and when you sell it unless1- a cash situation requires sale now or2- a bubble dictates a better cash return converting to cash and investing at a risk-free rate, typically treasury rate and equaling or bettering the same situationIf you have been holding a property for 20+ years, the yearly return on original investment is often well over 50% per year, sometimes 100% per year, rents rising and tenants paying off the mortgages and all.Now, return on current value is no where near that, but that is not a criteria.If we unwind, recapture depreciation, pay our taxes, and are left with cash, will that same income be available to us with the same tax implications?

Mike, I fear that many owners simply don't understand accounting and the implications of depreciating assets and that they are real.