Month: April 2019

Leverage

Leverage is a business term that refers to how a business acquires new assets for startup or expansion. … When a business is “leveraged,” it means that the business has borrowed money to finance the purchase of assets. Businesses can also use leverage through equity, by raising money from investors. –thebalacesmb.com In real estate were simply talking about […]

Section 8

“Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), often called Section 8, as repeatedly amended, authorizes the payment of rental housing assistance to private landlords on behalf of approximately 4.8 million low-income households, as of 2008, in the United States.” – Wikipedia There […]

Rooming House

A rooming house, also called a “multi-tenant house“, is a “dwelling with multiple rooms rented out individually”, in which the tenants share bathroom and kitchen facilities. —Wikepedia.org Also called a boarding house the concept is left over from earlier times. Before the great migration from countryside to […]

Passive Income

“Passive income is money you earn in a way that requires little to no daily effort to maintain. Some passive income ideas—like renting out property or building a blog—may take some work to get up and running, but they could eventually earn you money while you sleep.” Daveramsey.com […]

Tax Planning

“Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency. Through tax planning, all elements of the financial plan work together in the most tax-efficient manner possible.” -Investopedia Note: Tax planning is not the same as tax evasion or fraud, its not immoral […]