If you own several properties, you may want to check with your CPA to see if you qualify – in the eyes of the Internal Revenue Service (IRS) – to be classified as a real estate professional. The IRS has a special provision with specific criteria to determine if you qualify as a real estate […]
Archives for July 2023
Buying a Home with a Septic System
Boulder County – Over the years we’ve learned a considerable amount about the impact of septic systems. There is clear evidence that aging, unapproved septic systems have been leaking into our water system. As a result, Boulder County implemented SepticSmart Regulations on September 1, 2008 in order to protect our health and environment. Here are […]
Buying a home? What’s the Walk Score, Bike Score or Transit Score?
Nowadays in 2023, more people are working from home. By working from home, workers can avoid commuting, and along with the increase in the price of cars, many are trying to get along without a car in their day-to-day life. Walkable access to daily needs and public transportation are the keys to selling the car […]
Should I pay my mortgage off before I retire?
Your financial professionals can help you decide if you want your mortgage loan paid off at retirement or if any of these other ideas work for you. (Photo: Pexels). At first thought, it would seem to make sense – why not have your house free and clear and have no house payments in retirement? If […]
Increasing the velocity of real estate wealth by limiting capital gains taxes
If you own your personal residence in Colorado, you have probably noticed that your recent tax assessment increased by a large percentage. If you are planning to sell your home in the near future, the increased appreciation will result in the likelihood that you have a large capital gain tax bill to pay. The Taxpayer […]
Increasing the velocity of wealth with a vacation home
Owning a second home in the mountains or on the beach can be a wonderful experience. However, in most cases, it can be more of a liability rather than an asset. An asset is something you own that creates cash flow for you. In the case of a vacation home, especially if you leave it […]