To Incorporate or Not to Incorporate? It’s a Wise Idea

Cynthia DeLuca, The High Heels Landlord - To Incorporate or Not to Incorporate

First things first, I did want to go to law school, but didn't, so here's my disclaimer: I am not a lawyer, which is why I recommend you get advice from an attorney if you have questions about incorporating.  But what I can tell you is, when you incorporate, it is a very easy, simple process. …

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Landlord Expenses – It’s Not All About Covering the Mortgage

In my previous blog, I gave you some solid lessons for doing your homework before purchasing a property to see if that property will really create the cash flow that you are trying to achieve. Doing your homework can really show you if the monthly rent amount will cover PITI (Principal, Interest, Taxes, and Insurance), …

When Purchasing a Rental Property, Throw the Formulas Out the Window!

Everyone has a different method of deciding if a property makes money or not. Sounds crazy, but people have varying opinions about making money on their rental properties. Some think that if a property costs them money over a period of a few years, then they sell it and make $5,000, they've made money. But …