real estate

Selling a rental can have big impact on your tax liability

04.14.2014
Selling a rental can have big impact on your tax liability

Sorry to write about the rentals again today. It’s just consuming all my attention and I’m having a hard time thinking about anything else. We decided to put our rental home and 4-plex up for sale to take advantage of the HOT real estate market. I know we’d have to pay tax on the gain, but I didn’t realize just how much tax we’d have to pay. A Big Tax Bill I just finished our tax return with 3 days to spare. Whew! This year we don’t have to pay much tax at all because we came in under the […]

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10 reasons why I’m not cut out to be a landlord

04.07.2014
10 reasons why I’m not cut out to be a landlord

Whew! It’s been kind of crazy around here lately. I decided to put our rental home and 4-plex up for sale and the whole process has been a bit hectic these past few weeks. Our tenants moved out of our rental home on Tuesday and since then, I have been fixing what I can. Next week, the contractors will take over and get it ready for sale. FYI, I manage the rental home myself and I have a property manager for the 4-plex. Why am I selling our rentals now? Things are just starting to turn the corner on the […]

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5 Ways Regular People Can Invest In Real Estate

03.21.2014
5 Ways Regular People Can Invest In Real Estate

One of my brothers, Chris, is in town for a visit and we were talking about housing during dinner. He is saving up some cash because he is planning to buy a house in a year or two. He said a house is a good investment, but it’s just too expensive in the Bay Area. Currently he is renting a room in a friend’s home and he is thinking about moving to a more affordable location like Austin, TX. Personally, I don’t think a primary residence is really a good investment. If you’re single, it’s probably better to rent and […]

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Why Keep Playing The Stock Market Game If You Already Won?

03.07.2014
Why keep playing the stock market game when you already won?

Have you heard this phase – Why keep playing the game if you already won? People are funny. We work hard and take risks to get what we want, but when we actually achieve our dreams, we can’t stop. Americans are raised to keep pushing forward to achieve more. Our culture values hard work and frowns upon idle hands. We find it really difficult to say ‘enough’ and be satisfied with life. On top of that, our consumerism environment is pushing us to accumulate more and more. On Monday, I wrote about paying for a house in cash and got […]

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