Joseph Borges
Mobile home homestead
31 January 2014 | 4 replies
If that is the case, in my experience (Florida based), when you apply for a "Real Property" sticker (couple hundred dollars) it turns the home from a motor vehicle into real property, attached to the dirt...so now, instead of paying a small DMV registration fee, you pay property tax on the home.
Edwin E.
Life insurance
31 March 2022 | 42 replies
The purpose of life insurance is to provide lost income should I pass, it isn't an investment vehicle because the fees and returns are terrible, plus you lose the cash value should you die.
Mark Forest
Allocating vehicle expenses
4 March 2013 | 12 replies
Thus I cannot take depreciation on the other two for 2012.My question is about vehicle expenses.
Brandon Schlichter
Self Directed IRA into REI Corp?
27 December 2010 | 29 replies
That's good news Brian...I know it can be frustrating working within the confines of the rules governing an IRA or 401k but the power of compounding your profits in a tax deferred or tax free vehicle is too good to pass up.There are all kinds of reports showing the massive tax and financial benefits of investing inside your retirement plan.So I would encourage you continue to research ways to use your retirement monies to build your future wealth.Personally, I look for RE deals where the purchase price has already created a profit for me and I offer the property at a great price and let someone else put in their sweat equity.
Calixto Urdiales
living irrevocable trust
26 March 2009 | 5 replies
Annuity funds are not a good investment vehicles, especially at your age.
Dave Versch
50% Rule clarification?
7 December 2008 | 22 replies
Apartment numbers can be quite different than numbers on SFR's.It is comparing apples to oranges in my opinion.Investing in a 100 unit apartment complex is an entirely different investment vehicle than investing in 100 SFR's and the ratios can certainly vary.
Scott Lewis
Ideas to offset capital gains at the end of the year?
17 June 2019 | 24 replies
1) Opportunity Zones2) solar / electric vehicle credits if you have the need3) HSA, 401k, IRA if eligible4) If other properties that will have taxable income, or even better are a qualified RE Professional, capital expenditures on other properties.
Vincent Crane
The massive Real Estate bubble that's happening again (with charts)
6 September 2020 | 102 replies
I always knew that the idea of saving was important, but I had no idea what vehicles I could use to achieve financial independence.
Nat C.
Never take in strays!
4 January 2016 | 76 replies
The buyer I sold to had signed the bill of sale for the vehicle and he provided me cash.
Pablo Pozo
Would you own rental properties free and clear (No mortgage)
8 June 2016 | 53 replies
As far as lawsuit issues, make sure you have a decent umbrella or at least up the coverage on each policy (we had to do this for a few years when we lost our umbrella after our teenagers totalled one too many of our vehicles).