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Success story: I have known Claire for 20 years
She is a single woman, never married, and no kids. When I did her first home loan, she had a hard time finding anything she could afford on a librarian’s salary. It was 1995, and she knew she had to buy before prices were completely out of her range. However, the...
Success Story: How a 1031 Exchange Gave this Client HUGE Tax Savings.
I received a call last month from a client who wanted to sell her current rental property, but did not want to purchase another rental property. So naturally the conversation turned to the tax savings of doing a 1031 exchange. Here are the numbers: The house she...
Economic News This Week: It was a slow economic news week
On Monday the government revised their Q1 Productivity number to unchanged, from down 0.6%, and revised the labor costs down to 2.5% from 3.0%. As labor costs go up, we will either see inflation pressure (the price we pay on goods will go up) or a slow-down in...