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The Unique Struggles of Being a Young Landlord

Prairie Eco-Thrifter

We wanted to be able to rent out the basement for the next few years until we needed the whole house. . Our house had the perfect setup, and when we moved in, we were lucky enough to be able to rent out our suite almost right away. It became apparent that there are some unique challenges of being a young landlord. Money Tips'

Landlord 196
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Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

There are numerous factors to consider when deciding whether to buy your first home or to continue renting – especially when you’re out of college. Many people prefer to rent in order to have the benefits of a house without the risk of ownership. Furthermore, not everyone wants or knows how to maintain a property. Money Tips'

Home 186
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Should You Buy a House Now?

Prairie Eco-Thrifter

If you have the temperament to become a landlord, you can purchase the home and then rent it out, earning money each month. Adding another debt obligation while you are already struggling with high-interest consumer debt, can burden your finances. Others want to buy a house as an income property.

Buy 217
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Selling Your Investment Property?

Prairie Eco-Thrifter

Not everyone is cut out to be a landlord or landlady. However, we have not been able to claim that loss due to the overly complex and landlord unfriendly income tax laws we now have. Defer paying the entire amount of the tax by doing seller financing and only paying capital gains as you receive the payments. Money Tips'

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Personal Finance Whiz: Keynesian vs Hayekian Economics – The Solution To Our Recession? I’m a geek, he’s not.

November 188
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50 Best Small-Business Ideas – NerdWallet

Savings Corner

Your less math-friendly entrepreneurs could use your help in keeping their personal and business finances in order. Plus, you can easily start your own PR business without too much initial time or investment and can bring on employees or rent office space as it grows.

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Ways to Build Credit Without Relying Solely on Credit Cards

Prairie Eco-Thrifter

Report your rent. Experian and TransUnion now accept rent payments for inclusion on your credit report. Rent payments must be uploaded by third-party service like RentalKharma (currently free), RentReporters ($10 per month) or WilliamPaid (free when you pay your rent from your bank account via the site). Money Tips'