Prairie Eco-Thrifter
FEBRUARY 5, 2012
Most of us are renters at some point in our lives, usually when we are first starting out – or perhaps in the seasons when our lives are changing. 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.
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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The Frugal Girl
MARCH 4, 2024
I read every post, but don’t comment often – usually some of you have already made my point for me. 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.
Savings Corner
DECEMBER 25, 2023
You can quickly design the book on an online platform and then even test-market different titles and price points. What if you get a tenant who pays late or damages the property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay.
Prairie Eco-Thrifter
APRIL 21, 2014
Being rich means different things to different people at different points in their lives. 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. It all depends on what you want from life and what you are willing to do to get it.
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