Making Cents: Does Using an Entity To Own Property Provide Protection?
As with many things financial, the answer is maybe. The type of protection and the type of entity you are using will determine just how protected your assets are from potential problems. A very common example is the ownership of rental real estate. If you own rental real estate in your own name, and someone…
Making Cents: Preparing to Sell Your Home
With the arrival of spring, now’s the time when many who have thought about selling a house get a little more serious. If the house needs some work to get the attention of today’s buyers, speak to a professional about which repairs may give you the best return on your investment. That professional could be…
Making Cents: Temporary Renting of your Personal Real Estate Has Many Possible Risks
Whether it’s called home or room sharing, short term rental arrangements (or whatever the regulators ultimately call it), millions of people have jumped on the bandwagon of either renting or advertising rooms for rent for as short as a single night. This may work wonders for your cash flow if you need extra money, but…
Making Cents: There’s More to Risk than Losing Money
When most people think about financial risk, losing money is what they think about. Memories of the real estate investment or stock investment that didn’t work out as hoped may still be stuck in your mind. But risk is much broader than just losing money, and the more money you have, the more likely it…
Making Cents : Game Changing Life Transitions that need Attention
Most people approach their financial planning on a piecemeal basis. They look at their portfolio every now and then. They talk to an estate planner every 10 or 20 years, even though it should be more frequent. They buy their life insurance in a vacuum and never look at it again. They buy and sell…