Phoenix is one of the most expensive and sought-after real estate markets in the world. It’s no wonder that many people are interested in buying an investment property in the city. However, the process can be quite complicated and overwhelming, especially for those who are not familiar with the local market. In this article, we’ll…
Houston is one of the most expensive and sought-after real estate markets in the world. It’s no wonder that many people are interested in buying an investment property in the city. However, the process can be quite complicated and overwhelming, especially for those who are not familiar with the local market. In this article, we’ll…
Before you start looking for investment properties, it’s important to determine your investment goals and strategy. What is your desired rate of return? Are you looking for long-term or short-term gains? What type of property do you want to invest in – a condo, co-op, townhouse, or multi-family building? Once you’ve identified your investment goals…
Los Angeles is one of the most expensive and sought-after real estate markets in the world. It’s no wonder that many people are interested in buying an investment property in the city. However, the process can be quite complicated and overwhelming, especially for those who are not familiar with the local market. In this article,…
New York City is one of the most expensive and sought-after real estate markets in the world. It’s no wonder that many people are interested in buying an investment property in the city. However, the process can be quite complicated and overwhelming, especially for those who are not familiar with the local market. In this…
As the Kabinet CPA I can tell you that paper records have gone by the way of the dinosaur and Kabinet is a major part of this more efficient new world. When I started out as a CPA the world was entirely paper so I know the drudgery first hand. Back then there was no…
There is no place better than the United States of America when it comes to creative finance and a reverse mortgage is one of those creations. Unlike a refinance of an existing mortgage or home equity line of credit (HELOC), the reverse mortgage borrower does not make any loan repayments until their death. At this…
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 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…
I was recommended to three siblings who owned a New York City co-op apartment that they sold for $10 million, but they had no idea what their costs were! They had no records to prove the original purchase price, or any improvements to the property at all which is crucial when it comes time to…
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