Prairie Eco-Thrifter

JULY 13, 2014

Before you start spending your profits, take a breath and then sit down and think through what your net gain or loss might actually be – after taxes and all selling expenses. Some of the costs you may encounter in a real estate transaction can be quite expensive. Real Estate agent commission : Negotiable!

Real Estate 186

Real Estate Taxes Insurance Property Taxes 186

Family Balance Sheet

JANUARY 24, 2012

We have our 2011 tax meeting this week with our accountant. We own an S corporation and have a few employees, so we have a CPA prepare our taxes every year. Honestly, he is worth his weight in gold; the tax rules make my head spin. In all honesty, tax season goes fairly smoothly for us. Are you prepared for tax season?

Office Supplies 153

Office Supplies Taxes Office Simple 153

Prairie Eco-Thrifter

SEPTEMBER 22, 2014

How do we decide if we should sell our home or stay put? What bothers you about your current home? Do you love your home, but hate the neighborhood? Are the taxes too high for the services you get? How will moving to a new home benefit you? Will the taxes be higher? Selling a home is no easy task.

Home 165

Home Taxes Real Estate Landlord 165

Prairie Eco-Thrifter

AUGUST 23, 2012

With interest rates at all time lows, more foreclosures coming on the market and prices at decade low levels, you may be looking to buy a home or investment property. Heck, even to make an offer on your dream home, you have to negotiate with your spouse and family! Home Maintenance – Keeping Things Up to Snuff.

Saving Money 202

Saving Money Money Home Home and Garden 202

Prairie Eco-Thrifter

OCTOBER 27, 2013

Not paying your real estate taxes. An acquaintance of mine inherited a 4 bedroom/2 bath home free and clear of any debt. Eventually he could not pay the real estate taxes and the home was put on the county’s tax lien sale auction. If you don’t pay the taxes, you lose.

Real Estate 240

Real Estate Taxes Money Debt 240

Prairie Eco-Thrifter

AUGUST 27, 2013

It takes time and money to get to and from your vacation home. It was a real hassle. I developed a web site, took out a VRBO ad, drew up a guest services contract, responded to hundreds of inquiries, took payments, collected and paid sales tax and refunded security deposits. Do you have a vacation home?

Vacation 210

Vacation Real Estate Friends And Family Sale Painting 210

Prairie Eco-Thrifter

NOVEMBER 11, 2013

A person, trying to help a family member figure out how to pay taxes on their home and thus be able to keep possession of the fully paid off home suggested that the family member take in a roommate to earn some extra money. The intention was to get some extra money and get the real estate taxes paid.

Real Estate 183

Real Estate Money Kids and Family Budgeting 183

Family Balance Sheet

APRIL 9, 2015

Our home-owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, we also owed the Federal government this year. We were no longer required to send an escrow payment to the bank for our real estate taxes and home owners insurance.

Bills 100

Bills Real Estate Insurance Taxes 100

Prairie Eco-Thrifter

NOVEMBER 6, 2017

We only own one home, no land, no rentals. It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. If we hadn’t generated that gain, our taxes would have been lower. Our accountant charges a lot to do our taxes. Why we bought. Generate an income stream.

Vacation 124

Vacation Rent Taxes 2007 124

Prairie Eco-Thrifter

SEPTEMBER 15, 2013

If you neglect routine maintenance on your assets (real estate, belongings, etc) they may end up damaged, worth less or gone. If you neglect to winterize your home, your bank account will dwindle due to increased heating costs. If nothing else, just walk through your home with your phone or camera and record while you talk.

Real Estate 211

Real Estate Money Insurance Plumbing 211

Savings Corner

DECEMBER 27, 2023

Mortgage loans from our partners Best Mortgage Lenders First-time Buyer Refinance HELOC Home Equity Loans 4.0 down payment 3% Pennymac offers several different home loan options for borrowers with less than a 20% down payment. Closing costs are fees you pay to finalize a real estate transaction. Breakdown of costs.

Calculators 52

Calculators Property Taxes Insurance Illinois 52

Savings Corner

DECEMBER 24, 2023

If you own a paid-off home in a high-cost area like Boston or Los Angeles, maybe affordability isn’t your priority. Iowa’s median home price is $239,400, per Redfin data — well below the nationwide median home price of $388,800. Iowa lands near the middle of the pack tax-wise. 23 for property taxes and No.

Iowa 52

Iowa West Virginia Healthcare Delaware 52

Prairie Eco-Thrifter

JULY 1, 2013

With the help of an estate planning lawyer and your accountant you might be able to use one of these “have your cake and eat it too” ideas. Keep Your Asset, But Still Get An Estate and Gift Tax Break On it. million left tax-free to heirs.”. Give Away Your Home, But Continue To Live In It. percent I.R.S.

Cake 201

Cake Taxes Giving Donation 201

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. With the demand for video, this is another business idea that you can start at a very low cost, in your own home.

Real Estate 52

Real Estate Re-use Podcasts Work 52

Prairie Eco-Thrifter

MAY 27, 2014

My Dad offered my spouse and I the opportunity to buy his starter home (which he had converted to a rental) at a very attractive price. Consequently, I overpaid for cars and real estate my entire life and I let others underpay me for my services. I refused to accept offered help. Negotiation was not a skill that I learned.

Real Estate 180

Real Estate College Psychology Property Taxes 180

Prairie Eco-Thrifter

SEPTEMBER 19, 2013

Some are realizing that downsizing their home could be the answer to getting back some control over their lives, not to mention reducing the stress they are living under. Downsizing the home is traditionally the domain of retirees and empty-nesters but ordinary homeowners are now starting to consider it a sensible move.

Saving Money 220

Saving Money Money Saving Storage 220

Prairie Eco-Thrifter

JUNE 21, 2011

Investing in real estate – most millionaires own their own homes, nearly half have a second home and many invest in rental or commercial real estate as well. They do so to benefit from tax savings, inflation protection and the ability to offset expenses.

Real Estate 232

Real Estate Education College Finance 232

Koupon Karen

NOVEMBER 16, 2023

As part of your financial preparations, explore tax obligations in both your home country and the destination. Understanding tax implications can prevent financial headaches and ensure compliance with legal requirements. Consider reaching out to real estate agents or relocation services for insights into the housing landscape.

Insurance 52

Insurance Healthcare Moving Company Landscaping 52

Family Balance Sheet

AUGUST 17, 2011

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. Permanent home improvement bills should also be kept while you still own your home. Read more about receipts below.

Home Improvement 153

Home Improvement Taxes Credit Cards Bills 153

Prairie Eco-Thrifter

OCTOBER 31, 2012

Here, from my perspective, is how she got there and what she might want to think about doing before she actually loses her home. After a two year marriage, she divorced and came home to live with her parents. Don’t Pay Your Taxes. Here is the story of someone I personally know who is nearing that point.

Friends And Family Sale 189

Friends And Family Sale Taxes Insurance Money 189

Prairie Eco-Thrifter

AUGUST 11, 2015

I also wanted a bit more diversification in our portfolio and figured an additional piece of real estate could help that. The tax code for second homes used as rental properties is incredibly complex here in the US. It is enjoyable having a vacation home. An accountant is required. Guess what? I do a better job.

Vacation 100

Vacation Rent Taxes Grandchildren 100

Savings Corner

DECEMBER 25, 2023

If you’re thinking of diving into investing or selling a capital asset, it’s important to get acquainted with the term “capital gains tax” before you begin wheeling and dealing. What is capital gains tax? A capital gains tax is a tax on the profit from the sale of an asset. Tax Filing Webinar: Jan.

Taxes 52

Taxes Calculators Real Estate Cars 52

Prairie Eco-Thrifter

APRIL 6, 2012

PFP presents Investment Asset Tax Location posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.

Money 133

Money Finance Personal Finance Real Estate 133

Prairie Eco-Thrifter

NOVEMBER 12, 2011

Financial Success for Young Adults: Financing a Home Modification – At some point in your life, it may be necessary to modify your home. Paying for a home modification could cost you a lot of money, but there are ways to work up to the costs so it’s not such a bad hit on your wallet. One of the biggest lessons is patience.

November 188

November 2011 Personal Finance Finance 188

Prairie Eco-Thrifter

AUGUST 2, 2011

When you do, go on tax free day. using tax free days. Here is site that has tax free days by state listed for 2011. If your child is off to college and you are interested in real estate investments, consider buying a house in your child’s college town. 10 Money Saving Tips for Your Home.

College 192

College Money Personal Finance Student 192

Prairie Eco-Thrifter

MAY 10, 2012

PFP presents Investment Tax Management posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.”

Money 113

Money May 2012 Debt 113

Prairie Eco-Thrifter

OCTOBER 21, 2012

.” Harry Sit from The Finance Buff asks Tax Efficiency: Relative or Absolute? , and says, “Because you have to pay taxes on interest, dividends, and realized gains, an investment that loses less of its returns to taxes is said to be more tax efficient. years, my perspective on an engagement ring is simple.

Personal Finance 219

Personal Finance Finance Debt Money 219

Prairie Eco-Thrifter

OCTOBER 15, 2011

Tax Rebate Blog: How Much Can you Earn Before Paying Tax in 2011 Tax allowances and brackets change each year. This post shows highlights how much you can earn before you need to pay tax. 20′s Finances: Hiring a Property Manager: What it Offers You Real Estate Investments can be time consuming.

October 200

October 2011 Finance Personal Finance 200

Savings Corner

DECEMBER 25, 2023

This is a decision with many moving parts, and things change: Your down payment savings grow, you consider moving to a cheaper or more expensive area, you’re curious what happens if you spend less on a home, or more. It takes into account typical spending on home renovations and maintenance. Location counts.

Rent 52

Rent Calculators Property Taxes Buy 52

Savings Corner

DECEMBER 25, 2023

Or you may not be able to rent the home out for as much as you could before, as incomes decline. And home prices rose quickly due in part to relatively low mortgage rates, so your rents may not be able to cover your expenses. Real estate investments can also help diversify your portfolio, helping to smooth your returns.

Money 52

Money Making Real Estate Rent 52

Savings Corner

DECEMBER 27, 2023

a home down payment or a wedding). Whereas stocks (that do not pay dividends) are primarily taxed when the stock is sold. Real estate Traditional real estate investing involves buying a property and selling it later for a profit, or owning property and collecting rent as a form of fixed income.

Real Estate 52

Real Estate Bank Banking Money 52

Prairie Eco-Thrifter

SEPTEMBER 3, 2012

Remember the excitement of signing the contract for your first home? Unfortunately, many home-buyers over-extend themselves financially when taking out a mortgage; these days they seem to be encouraged by lenders. Are we going to lose our home? If you are in the speculative real estate market, your situation is different again.

Refinancing 203

Refinancing Taxes Real Estate Money 203

Prairie Eco-Thrifter

APRIL 8, 2014

Many new homes now have 4. More than a 1000 sq foot home. In 1950, according to MSN Real Estate , the average home size was 983 square feet. Would you want to live in a one bath 2 bedroom home now with a family of 4 or 5? Many homes today have multiple TVs, some have one in pretty much every room.

Phones 204

Phones Parenting Kids and Family Credit Cards 204

Prairie Eco-Thrifter

JANUARY 14, 2012

I bought shares of MSA (MSJAF on the pink sheets) … The Ultimate Juggle : Easiest Way to Make a Profit in Real Estate – Investing in real estate can be a great way to set yourself up for the future. Money Reasons : Home Security! Read on to learn more! How much are you overspending?

Credit Cards 220

Credit Cards Credit Finance Personal Finance 220

Prairie Eco-Thrifter

JUNE 14, 2012

1 Bill-Paying Priority posted at One Money Design , saying, “In the past, Americans would pay their home loans first, then their credit card and finally their car loans. ” Sam Puri presents Optimistic Stats Hide Deeper Debt Problems posted at Credit Card Help Topics Real Estate Miss T. Not so today.

Money 124

Money 2012 June Credit Cards 124