How much is an income property is worth?

If you don’t know the answer as a real estate investor, you are in trouble. Real estate investment is not only a numbers game, successful real estate investment is about the numbers itself. While location is important, if the deal does not make sense financially...

Do you need an EIN?

This is a typical question we hear when an entrepreneur is starting a business. Like many times when we are dealing with tax law, the answer to the question is “It depends”. One type of entity that usually does not require an EIN is a single member (one owner) LLC....

Slash Your Grocery Expenses By 50%

The cost of food is on the rise and I do not expect it to become cheaper. For example, in March of 2014, retail food prices rose 0.4% from February 2014. Keep in mind that food prices for the month of February 2014 also increased by 0.4% from the previous month. These...

Obamacare Hikes in Many States

Is the Affordable Care Act affordable? Health insurance providers are seeking significant increases in premiums in several states in a move they say is necessary to cover the medical costs of individuals who have newly enrolled as part of the Affordable Care Act (aka...

Avoid Reverse Mortgage Rip-offs

  Reverse mortgages do work for some. A reverse mortgage is a way for cash-strapped homeowners age 62 and up to tap the equity they’ve (hopefully) built up in their homes over the years. Under the right circumstances, it can be a handy device. Also known as a...