If I Take Cash Out of My Property I Owe Income Tax
If I take cash out of my property I will owe income tax on it. False! You can refinance your home or a rental and take cash out above and beyond the amount you owe now. Use it to repair your house, use it to invest in another property, or take a well-earned vacation....
Quiet Week in Economic News
It was a quiet week this week in economic news. Next week will bring us the PPI, retail sales for September and CPI which are all 3 indicators of whether there are inflationary pressures. All expectations are that this will be a flat number. This is bad news as a...
This Weeks Win: 10/9/15
A client came in the other day and thought he had to pay cash for a rental property he wanted to buy. When I asked him why he was paying cash with the interest rates so low, he said that the bank with the wagon wheel told him, a veteran on disability with great...
You Cannot Use Public Assistance As Income
You cannot use public assistance as income. FALSE! If you or someone you know gets housing assistance such as section 8 or VA housing, you can use this income to qualify. If you have questions about this or any other qualifying questions, feel free to call me. Are you...