If you’re like most Americans, you’ve likely switched jobs at least once or twice in your career. While starting a new job can be exciting, overwhelming, and downright scary at times, one of the most overlooked parts of transitioning to a new company is handling your 401(k) and rolling it over to your new employer.
Large 401(k) providers like Fidelity and Charles Schwab have rollover options that make it very easy to transfer your 401(k) to your new employer. However, plenty of employees simply forget to do so.
In today’s world, making a few extra bucks each month can make all the difference for you and your family. Having a side hustle making $1,000+ per month allows you to pay off debts, save for retirement, and enjoy the lifestyle you deserve.
But most side hustles discussed in online circles are sponsored websites that pay advertisers to promote their platforms, making it very difficult to make any real money on these sites.
The Mercedes Benz G-Wagon is iconic, luxurious and expensive. Is there really a way to write off a G Wagon on your taxes? It has to be like a myth… urban legend. There’s no way you can buy a G Wagon and write off the cost on your tax return. Or can you?
Believe it or not, real estate investors and other business owners can write off Mercedes-Benz G-Wagon’s and other vehicles weighing more than 6,000 lbs. That’s right. The IRS tax code in Section 179 allows you to do just that. When you factor in how much a G Wagon costs, $150,000 – $370,000, that’s a pretty big write off! The G Wagon tax write off is just one of many write offs you can take with section 179.
In today’s economy, saving money wherever possible is the name of the game. Most Americans are constantly looking for ways to reduce expenses and save more money for retirement, family vacations, or additional investments.
One of the best ways to save money when it comes to real estate is buying or selling a property by owner, also known as for sale by owner (FSBO). This selling method bypasses the traditional buying and selling process with the homeowner listing the property without the help of a real estate agent.
Investing in rental properties is a proven method to generate consistent rental income and long-term financial stability. Successful rental businesses understand how to acquire, maintain, and manage rental properties while keeping their tenants happy and enjoying a high quality of life.
If you’re just getting started in rental property investing, creating a comprehensive business plan is the first step in your journey to a successful career in real estate.
Real estate investors, landlords, and property managers are in the business of cash flow and profitability. However, maintaining these core metrics is often easier said than done when dealing with multiple properties in different locations.
One way to guarantee a higher return on investment (ROI) for your rental properties is by charging rents that are aligned with current market rates.
Seller financing can allow buyers with lower credit scores to qualify for a home without going through the traditional mortgage application process. This financing arrangement also makes it possible for sellers to attract a larger pool of potential buyers and command a higher sale price for the home.
If you’re a buyer thinking about using seller financing, you’ll need to make sure you secure a favorable interest rate and receive the best terms for your new loan.
Passing a home inspection is one of the major barriers between a potential deal and the successful closing on a home. This makes it crucial for sellers to understand what it takes to have a successful home inspection prior to sitting down at the closing table.
In this guide, we’ll talk about four things that fail a home inspection and how to prevent these issues from derailing your next real estate deal.