Don’t Create A Retirement With Great Biceps But Girlie Legs Many years ago one of my mentors asked me how I stayed in such good physical condition. He’d let himself go a bit, and didn’t want it to get, as he put it, outa hand. I gave him a beginning program which startled him. It included cardio work, resistance training, and consistent participation in a sport he happened to like. “Why all these things? Why can’t I just do some pushups and walk every day?” In fact, he probably … [Read more...]
Interview With Noted Tax Deferred Exchange Expert And Qualified Intermediary William Exeter
August 14, 2012 By Leave a Comment
Interview With Noted Tax Deferred Exchange Expert And Qualified Intermediary William Exeter Though the exact count isn’t known, I’ve done a lot of ‘em. I know a ton about ‘em too. I could tell stories, big time. But first, I’d make dang sure Bill Exeter wasn’t in the room, cuz no matter how many stories I can tell, he has 100 times more. Also, I’d never tell the first story if he was in the room, never. Yeah, I’ve done multi-state exchanges with a buncha properties and … [Read more...]
Will ObamaCare Destroy Real Estate Investors?
July 10, 2012 By Leave a Comment
Will ObamaCare destroy real estate investors?Beginning January 1, 2013, a 3.8% Medicare tax will be levied on unearned income on ObamaCare's definition of the wealthy ($200,000+ single filers & $250,000 for joint filers). This tax could apply to the proceeds from the sale of single family homes, townhouses, co-ops, condominiums, and even rental income. For many successful real estate investors, ObamaCare may have a significant effect on their bottom line. The National Association … [Read more...]
The Importance of Keeping Business and Personal Bank Accounts Separate
June 11, 2012 By Leave a Comment
The Importance of Keeping Business and Personal Bank Accounts SeparateIt doesn’t matter whether you are an established business or you are just starting out, it is imperative that you keep your business finances separate from your personal finances. These same basic principles apply whether you have a full time business or you just have some sort of part-time venture. Separate bank accounts are a must. Not only will it make it much easier to keep track of all of the expenses for your … [Read more...]
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Are You Prepared For The ‘Obamacare’ Real Estate Investment Tax?
Are You Prepared For The ‘Obamacare’ Real Estate Investment Tax?“Chris, are you prepared for the Obamacare real estate investing tax”?That was a real question I was asked two weekends ago when I was in San Diego speaking to 450 active real estate investors. From the concerned look on the face of the woman asking the question, apparently she was serious!Up to that point, I was more concerned as a small business owner, and a successful one at that, about the effects of the health care … [Read more...]