Why Now Is The Best Time To Buy A Home | Recession & Inflation Edition

It appears as though the United States economy is in recession, it is not the first time and it will not be the last. To compound this, inflation across all sectors is rising by the day which is making affordability for first time home buyers more and more challenging.  I am Terry, the Kabinet CPA…

Depreciation – What is it and how does it work?

Depreciation – What is it and how does it work?

Depreciation is an artificial concept in the real world, but very real and practical for your bottom line when you file your taxes. Depreciation is a CALCULATION of how an investment property loses its value over time. Real estate is of course an asset (defined as something having ongoing value) however, in accounting, this real estate…

The Greatest IRS Tax Benefits That Put Dollars In Your Pocket Today- Part 1- Capital Gains

The Greatest IRS Tax Benefits That Put Dollars In Your Pocket Today- Part 1- Capital Gains

Throughout the Internal Revenue Code there are major benefits for real estate investing and homeownership. These benefits are there for everyone, not just Donald Trump and if you use them, they will make your portfolio so much more lucrative. The first we will look at is Capital Gains Tax Rates. Real Estate assets owned by an…

Becoming a Landlord: The Basics – 3 Important Tips

Becoming a Landlord: The Basics – 3 Important Tips

Buying your first investment property is an incredible achievement! Whether you completed the closing or are still in the planning stages of how to invest, the three commonly asked questions in this post will give you the information you need to know as a new landlord. Question #1- What are the qualities of a good…

The Greatest IRS Tax Benefits That Put Dollars In Your Pocket Today- Part 2- The 1031 Exchange

The Greatest IRS Tax Benefits That Put Dollars In Your Pocket Today- Part 2- The 1031 Exchange

Throughout the Internal Revenue Code there are major benefits for real estate investing and homeownership. They are there for everyone, not just Donald Trump and if you use them, they will make your portfolio so much more lucrative. Today, we will look at what is known as Code Section 1031. The ramifications of this tax law…

What is Depreciation Recapture and how does it work? Tax Information for Real Estate Investors Part 1

What is Depreciation Recapture and how does it work? Tax Information for Real Estate Investors Part 1

The purpose of these posts is to give real estate investors general information since our tax code is so dense with minutia and exceptions that it is impossible to give a one size fits all overview. My goal is to provide you with basic information that will allow you to delve deeper into the subject…

Is Crypto The New Real Estate & Should You Invest in Cryptocurrency Now? | Kabinet

Is Crypto The New Real Estate & Should You Invest in Cryptocurrency Now? | Kabinet

It is no secret that Crypto has taken the investing world by storm in the last couple of years. Anyone who says that Crypto is a fad must be mistaken – the public has invested trillions into this new asset class which undoubtably shows the demand not only to acquire but to exchange this form…

Don’t Use The Term “Landlord” Use Housing Provider

Don’t Use The Term “Landlord” Use Housing Provider

Words are powerful. Landlords and tenants have been around since the beginning of time. We don’t even have to do a google search to determine that the term landlord comes from the UK and signifies some scholarly gentleman who is the lord of the land that rents his property to you, the pauper.  Times have…

5 Tips To Build Generational Wealth Through Real Estate

5 Tips To Build Generational Wealth Through Real Estate

Why you should invest in real estate iSteel magnate and industrialist Andrew Carnegie claimed that 90% of the world’s millionaires have achieved their wealth through investing in real estate. While Carnegie passed away in 1919 and his quote may be somewhat overused and outdated, there is no denying that real estate is a primary way…

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