Will I Owe Taxes After a Short Sale?

On December 5, 2011 By

(Please note that I am not a tax professional and you should seek the advice of a tax professional to answer tax questions.)

Here’s what I do know, and I learned this when I was a teenager working for tips at the local Pizza Hut.

When you make money, you’re responsible to report it to [...]

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Am I Liable for the Balance or Difference in a Short Sale?

On February 21, 2011 By

You’re thinking about selling your home, and you know it’s worth less than the amount you owe.  You’ve heard from many people who have done it that you can simply get out of your house free and clear with no repercussions or financial consequence.  You’re tempted to move forward, but you’re just not sure whether or [...]

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Right Of Passage: Why Don’t We Celebrate More?

On February 21, 2011 By

My philosophy on money is strongly rooted in the laws of mathematics.  I can form metaphors to help describe how I see money moving around in our lives, but the bottom line is this:  one builds wealth by spending less than they make.  It doesn’t matter if you make $10.00/hour or $200.00/hour.  If you spend [...]

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Tax The Ambitious at 3.8%

On November 29, 2010 By

In a country where talk of obesity and rising health care costs seem to flood every news channel on a constant basis, our all knowing, all powerful government, in its infinite wisdom, is punishing the ambitious, hard-working entrepreneur in order to extend Medicare benefits and to cover the cost of the impending national health care program. [...]

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Planning Prevents

On November 8, 2010 By

Following a good model of financial planning will make the difference between future success, and future failure.  While there is no guarantee of success, however you may define it, there is certainly a guarantee of failure if you don’t take the time to plan according to your end goal.  Of course, if you have no [...]

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Should We Stop Paying Our Mortgage?

On August 9, 2010 By

That’s really not a question that I can answer for you.  But, what I can tell you is that there are investors who hold notes on homes who will absolutely refuse to consider you for a short sale unless you’re past due by at least 30 days.

My initial response to this is complete rejection.  [...]

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The Debate Continues: One User’s Opinion on Renting vs. Buying

On September 23, 2009 By

As with anything, there are pros and cons that change with every complicated variable involved.  The concept of buying being better than renting is relative to the context of each side of the equation at any given time.  No two situations are the same, but generally speaking, assuming certain conditions are already met, owning a [...]

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Cash For Clunkers, The Final Deathblow

On August 20, 2009 By

My recent article entitled Cash For Clunkers Is Absolute Ultra Stupidity was the most viewed article on my site on the day that I released my August newsletter, probably because of how provocative the title was.  I recently caught Blake Thompson’s @ramseyshow tweet which [...]

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