Tax Tips for Landlords

Fortunately, most rental property ownership will initially generate taxable losses for you, which may save you some money on your taxes. These savings come from shielding, or deducting, losses against part of your regular taxable income. But keep in mind, taxable losses are different from positive or negative cash flows. For our purposes, we’re just going

The Mortgage Market Is About To Get Smaller

As 2014 begins, a bureau created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, The Consumer Financial Protection Bureau (CFPB), will set new rules concerning mortgages. Lenders will be required to verify and inspect borrowers’ financial records. The rules discourage lenders from allowing borrowers to carry total debt payments totaling more