Our Latest Blog Posts

• What To Do During Difficult Personal Financial Times
  

  The older I get the more I realize the sun doesn’t always shine and everyone, I mean everyone, at one point is going to face difficult financial times.  It’s not if they are going to come, it’s when.  Now, one of the best ways we can prepare for these challenges is to expect them and have a rainy day fund, keep our debt to a minimum and be wise in our financial commitments. However, often times these difficult times sneak up on us when we are trying to hold a business together, or blindsided by a divorce, embezzlement or a unforeseen change in our industry or market.  These situations can occur quickly and before we know it we are living week to week financially trying to hold it together. On a regular basis, I have consultations with clients focused on surviving in the economy and could care less about tax ... Read more
• The Tax Strategy of being a Real Estate Professional
  

  Those that follow my lectures and writings know that I recommend Americans consider buying one rental property a year. It could be full or partial ownership investing with a partner. It could be a single family home, commercial property, VRBO short-term rental or even a group of mobile homes. Why do I say this? Five primary reasons. Steady appreciation over the long-term Tax Deferred growth and capital gain treatment Tax free cash flow Mortgage reduction through renter’s payments Tax write-offs through business expenses and depreciation Now I realize rental property is not a perfect fit for everyone.  There are a lot of variables…your financial strength, credit worthiness, your temperament and time you have to manage property, and of course, it also depends on the season of your life. I encourage all of you to ‘at least’ consider buying one rental this year (in or outside of your retirement account) and ... Read more