Not in your tax bracket.Quote:
Originally Posted by 54-46
Along with the 24k in the 40k plan, 6.5k in the wife's IRA. I too, have pined after rental property, but if you're in it to make money / cash flow you better have a ton of free time.
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Not in your tax bracket.Quote:
Originally Posted by 54-46
Along with the 24k in the 40k plan, 6.5k in the wife's IRA. I too, have pined after rental property, but if you're in it to make money / cash flow you better have a ton of free time.
15th of the month buddy comes upstairs & hands me a stack of cash so I always say thankyou and ask if there are any problems, none in 3 yrs ... pretty much all I have done
shoudn't yur lame retired cube monkey slave wager ass be training or packin for italy?
Yet with all your freedom and riches, you choose to hang out here, on the internet, with us. You could be literally be doing anything else right now. But here you are arguing with strangers about who has got life figured out.Quote:
Originally Posted by Benny Profane
Wasn't thinking a tax advantage to income, but there's rental depreciation and expenses. (http://www.investopedia.com/articles...tion-works.asp )Quote:
Originally Posted by MARSHALL TUCKER
The expenses also may be an advantage if you buy something like an appliance "for the rental" (for accounting purposes) and it magically appears in your primary residence as your new washer/dryer/frig.
Depends on how aggressive you want to get and how tight you are with your accountant. If you're very law and order, then this aspect may not work for you. My accountant explained to me that "many people he knows" use that method and it's not a problem.
Time-wise, the LT rental would be better than the VRBO/AirBnB concept. My neighbor has been renting/depreciating his condo for years and nets a few hundred a month. Spends very little time dealing with it.
Why, yes I am, but after my Mountain Collective tour this winter and maybe a national park tour next summer. Italia in the fall. I'll fart in your general direction as I blow through SLC.Quote:
Originally Posted by skifishbum
Buon Natale, Benny!
può il nuovo anno essere riempito di gioia e molte pastiglie dei freni!
Well, I'm not jet set just take off anytime rich. Sheesh.Quote:
Originally Posted by mcsquared
so your kinda like iceman only poorer without a mountain condo, beach house and a hot old lady 2 awesome kids 5 dogs and numerous friends and it took most of your life to gits there?
Keep your tips up?Quote:
Originally Posted by flowing alpy
I dunno, in the title he doesn't say investing, he says "investing". maybe he's just looking for shit to blow money on.Quote:
Originally Posted by BmillsSkier
grazie, ma, freni vanno bene. guarnizione di testa può essere un problema, però.Quote:
Originally Posted by BmillsSkier
The only thing I have common with Iceman is that I'm older than most, caucasian, and a lot of Irish blood.Quote:
Originally Posted by skifishbum
Not looking to blow money. I just figured people would say shit like records, ancient coins, rare samurai swords, leather bound books, wood working tools, guns, etc. The financial stuff works, too.
Honest to god, if you want to make money with other people's junk, hang out at garage and yard and estate sales, and hope for a jackpot. You know, like Antiques Roadshow. Seriously.
OT - seriously, what skis would be worth anything?
K2 BrewSkisQuote:
Originally Posted by GimpToo
You're in your early 30's - why spend a lot of time buying/selling that stuff when you can invest passively and chase tail?Quote:
Originally Posted by guroo270
I'd like to have rental property, but the problem (for me anyhow) is that if its not your full time home, mortgage companies want 30% down, which is prohibitive.
I have money "invested" in firearms and rare American coins. Neither thing is going to appreciate that much, but not going to lose value either. And I like holding in my hand something like, my 1795 liberty cap large cent - estimated about 100 in existence, just a cool and rare piece of history - or my Kimber Ultra CDP .45 - which is a beautiful handgun. Investing, or just hobbies? Not really sure, but I tell my wife they are all investments :)
^^^solid advice. before you know it you'll turn invisible. Chase tail now. That's an "investment" in memories you'll cherish forever.Quote:
Originally Posted by 54-46
That'd be tax fraud. I strongly advise against it because it's illegal and audits happen.Quote:
Originally Posted by 54-46
Yes, that may be true and that's a risk that many seem willing to take. Discuss potential and ramifications with one's own accountant...Quote:
Originally Posted by Big Steve
i got a bunch of things in common with himQuote:
Originally Posted by Benny Profane
and i consider my time and effort in the community as an irl investment in entertaining friendships based on sharing passions
and i'm fuckin rich with stuffs like dat
save yur farts for ogdens
LIES.Quote:
Originally Posted by skifishbum
You certainly don't have his ability to write simply, with economy, and communicate with others in an adult way.Quote:
Originally Posted by skifishbum