Realizing that I have nothing to show for the last 12 years of my married life I took it upon myself to start listening to the right people and educating myself to ensure that I have a better more secured future.

After driving by it today I realize it will need to be a brrr.

the dominos are not set up like they were in 07 to see some epic meltdown in prices.couple reasons.1. lot of people bought right why would they sell on a dip.2. great rates and mortgages so they just ride it out.3. more people than many realize paid cash Now this predicates that Casino's do actually get back at in a few weeks restraints open back up etc etc.

I was using the 50% rule, but I realize now it should be 50% of rent income which would be $500 a month in expenses, not $250.

I've realized that if I'm able to grind through the next 2 years of this recession then I'm going to come out one the other side absolutely exploding.

I would give them some space, but you want them to realize that you're both struggling together through this difficult time.

In this case, the purchase price was 100k, the sale price was 137k, and total closing fees, all said and done, were roughly 10k, which I would take to mean a capital gains hit of 15% on 27k, (since my son and his wife paid for all upgrades/updates to the home, I realize I won't be able to deduct these as capital improvements). 

Cash on hand BEFORE a crisis or downturn is the key, if you think back to 2008... all those that realized they wanted to get in it while it was happening were too late... because although there were deals to be made banks would not allow it - so cash on hand before was the key to getting those deals. 

I went to refinance the property into my name and realized I hadn't budgeted the closing costs in.

I went to refinance the property into my name and realized I hadn't budgeted the closing costs in.