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Selling Your Investment Property?

Prairie Eco-Thrifter

Not everyone is cut out to be a landlord or landlady. 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.

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Sell Your Home or Stay?

Prairie Eco-Thrifter

Are the taxes too high for the services you get? Will the taxes be higher? You may have to carry the old house for months until it sells, paying the expenses (mortgage, utilities, taxes and etc) on both it and the new home. What non real estate considerations are there? Is the climate what you want?

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50 Best Small-Business Ideas – NerdWallet

Savings Corner

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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Save Money – Develop Important Home Owner Skills

Prairie Eco-Thrifter

Here is my take on the skills every homeowner or landlord needs to have. Perhaps the county appraiser raised the appraised value of your home, thereby raising the taxes. You will want to know how to challenge the new appraisal and avoid spending more tax money. Skills that will save you big bucks over time. Record Keeping.

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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Never chase an asset price whether it be real estate, stocks, gold, or anything else. This will make a difference in how you are taxed on your capital gains. My University Money: Why Is Leverage Only Ok In Real Estate? However, as a landlord, you are required to make basic repairs.

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