Prairie Eco-Thrifter
FEBRUARY 5, 2012
We also kept the sidewalks snow free in the winter. Remember that a reduction in rent can be better than getting an equivalent raise at work, due to the fact that the rent reduction won’t necessarily be taxed. These tasks were a lot of work – and typically the work was not pleasant. We were young and had the time, so it was OK.
Savings Corner
DECEMBER 27, 2023
If you have a CPA license, you can help business owners file taxes, generate balance sheets and other accounting documents and make your professional recommendations about your client’s bottom line. Tax consulting If you’re a CPA or other enrolled agent, you might consider opening up a service specifically for business taxes.
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Savings Corner
DECEMBER 25, 2023
Try Bankrate’s free AdvisorMatch service to quickly get connected to a CFP® professional who can help you achieve your financial goals. Alternatively, you might consider a “freemium model” – building up a following with free content and then charging for more detailed information or for those who want to know more.
The Frugal Girl
MARCH 4, 2024
When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. Alan and I, by choice, bought land in an area with low property taxes. Had we not fallen in love with the locale, it wouldn’t have mattered how low the taxes were, but fall in love we did.
Prairie Eco-Thrifter
APRIL 21, 2014
The ability to leverage your money by getting a mortgage on a piece of income property and letting your tenants pay it off is unique in the investment world. You have to work hard, understand the tax laws, cover your liabilities and be prepared to hang on through good times and bad to end up with real estate fortunes.
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