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I don't have to pay all of those taxes because I am related to my husband. Besides, all those income taxes are a wash since they end up on the same return - so it does not make much of a difference at the end. It is no problem to pay him 24 hours at minimum wage for yes - a BS job - title. I...

Small employer plans are at least 2 employees I believe and that would be a group plan. Yes, it would be me (the sole proprietor) and I will create some BS position for hubby. Going from one group to another group health plan will give you the greatest protection with HIPAA from what I...

Hubby and I are 37 y/o. I am as healthy as it gets. Howver, hubby had cancer in his 20's. I already left megacorp. He is unexpectedly leaving too, so we will be on our own for health insurance very soon. I peddle around in my sole proprietor stuff for all our tax write offs. I just asked my TX...

Check out some of the European carriers. They are well regulated and can't kick you out once you become too expensive for them. This following is fairly expensive but it does not seem to have a restriction on citizenship (some countries will not insure non-citizens or certain nationalities)...

Landlording in NY seems risky business. TX is landlord lala-land. What kind of stupid NY laws that you can barely get the renter out. If mr tenant does not pay the rent, I still got to pay my mortgage. TX has a non-judicial foreclosure process which is also lightning fast... So pay up or get out...

When it comes to eviction, most states have a very fast streamlined process. Within a few weeks, most delinquent tenants will have had their court decision and if you like the constable can supervise you while you physically throw their stuff out. I am in TX and within 10-12 days I will have...

My biggest concern renting out my own home would not be to get my home back. The biggest issue to me is in what shape I would get it back. As a homeowner you live in your own house and treat it as such. A renter is only staying there temporarily until they move on. You will have considerably...

A fatso that looses a lot will finally fit in something smaller than a suburban or hummer - that is another savings. Ever seen the fatsos at Walmart? They don't even bother to walk in the store no more. They park their big butts in the handicap scooters and drive around. It takes a lot of...

I own real estate LLC's in my IRA's and they are doing just fine. I am happy with doubling my money every 3-5 years just from capital gains. These are leveraged large commercial investments with mortgages. Yes, you can get a mortgage. IRA is just non-recourse. It is correct that there are no...

Please go ahead...... You are very creative. I will not mess around with this and I will gladly accept my missed chances. Martha hits all the shortcomings right on the head. The IRS can blow a giant hole in this in 5 minutes. It is very obvious that you will have a direct...

I checked the website for MIB to get my 'health insurance credit check'. According to the site I probably do not have a health insurance record like 80% of the population since I have not applied for individual insurance yet. Mmmm, my health history is not available to me until I have applied at...

Talk to Sterling Trust in TX. They do a lot of self-directed IRA's that have real estate. I am a member in a real estate LLC that is through my IRA with Sterling. Note that you can only be a non-participating member for IRA purposes. If you actively engage in the LLC business in your IRA, you...

I always wonder how the IRS keeps track of a 1031 exchange that happened e.g. 10-20 years ago. These type of exchanges are often single events that may only happen every couple of years. Unlike business expenses these are not items that carry over from year to year until used up and are easy to...

My husband had cancer about 7 years ago. He had chemo and surgery and has been cancer free since then. Hopefully he will also kiss the cube job goodbye soon. Does he have to dislose every detail of his health history when he applies for health insurance elsewhere or can this be held against...

Thanks, this was very useful info. I already put the request in the mail to them Vicky

Several years ago, my husband was in a car accident. The guy that hit him had no insurance. He signed a statement admitting fault and never filed an answer with the small claims court. Apparently my husband still has to go to a default judgment hearing to get the judgment to record it. The...

My husband was admitted to Tepper business school at Carnegie. After a lot of thinking, he turned down Tepper. He had already left the PhD program at McCombs a few years earlier. There was no way that I was going to move up whereever that Carnegie school is (he could go by himself for 2 years...

What kind of effect do all these CC tricks have on your credit rating? Ever checked it, I am just curious.

I know the money part is very attractive (but would you make 50% more right away or maybe 10 years down the road?). It sound like you would not enjoy that type of job though. If you do not enjoy people and managing people be fair to them and do NOT become a manager. I have had more bad than good...

no closets could be a mold thing in a lot of places

As a landlord I am always making sure I don't end up with people that plan for the shortest time possible. Tenants sometimes forget that a landlord can kick them out without any reason with a 30 day notice on a month-to-month contract. My month-to-month tenant got on my nerves and I served her...

yeah, you probably had a cozy cube job or something else fairly safe in Iraq. Hubby can't wait to get out of the rat race and starting looking for Iraq jobs to supercharge the paycheck. He used to live in Bagdad and speaks some Arabic and so on. He used to build cell phone towers all over the...

Yes, actively managed funds will do worse than a low-cost portfolio of index funds. However, Lance is doing it himself with an incredible amount of discipline following an established method. I could not do it, because it requires me to stay on top of that stuff at all times (not interested in...

You will not find them. They are not advertised anywhere. We just know the guy personally. I was also wrong about the numbers, it is 35% and up/year. Just about to get into another one. It is all real estate development. Vicky

I have read parts of virtually all of his books. I would never ever buying one of his books, but I sell used books and I get them quite often. Except for the South Beach Diet, not a single book ever ever sold that quickly. Although Kiyosaki has a few good general concepts, it is mixed with a...