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Hatfield
ParticipantThis sounds similar to foreign-currency CDs offered by Everbank. I was doing those for awhile. You end up getting the published yield plus (or minus!) the movement of the foreign currency against the US Dollar. Just be aware that if the dollar rallies against the other currency, your mature CD can be worth less than what you paid for it. FDIC insurance does not cover losses from currency fluctuations.
Hatfield
ParticipantThis sounds similar to foreign-currency CDs offered by Everbank. I was doing those for awhile. You end up getting the published yield plus (or minus!) the movement of the foreign currency against the US Dollar. Just be aware that if the dollar rallies against the other currency, your mature CD can be worth less than what you paid for it. FDIC insurance does not cover losses from currency fluctuations.
Hatfield
Participant[quote=bearishgurl]”Sched. C” [/quote]
It’s actually Schedule E, but yes, most of the associated costs are deductible similar to how they would be for a Schedule C business. I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.
You want to aim for the sweet spot where the property generates positive net cash flow, but on paper looks like a loss, mostly because of the depreciation writeoff. When you’re in this zone you’re making more money but paying less tax.
I’d be surprised if you can get 5% fixed for an investment property.
Hatfield
Participant[quote=bearishgurl]”Sched. C” [/quote]
It’s actually Schedule E, but yes, most of the associated costs are deductible similar to how they would be for a Schedule C business. I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.
You want to aim for the sweet spot where the property generates positive net cash flow, but on paper looks like a loss, mostly because of the depreciation writeoff. When you’re in this zone you’re making more money but paying less tax.
I’d be surprised if you can get 5% fixed for an investment property.
Hatfield
Participant[quote=bearishgurl]”Sched. C” [/quote]
It’s actually Schedule E, but yes, most of the associated costs are deductible similar to how they would be for a Schedule C business. I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.
You want to aim for the sweet spot where the property generates positive net cash flow, but on paper looks like a loss, mostly because of the depreciation writeoff. When you’re in this zone you’re making more money but paying less tax.
I’d be surprised if you can get 5% fixed for an investment property.
Hatfield
Participant[quote=bearishgurl]”Sched. C” [/quote]
It’s actually Schedule E, but yes, most of the associated costs are deductible similar to how they would be for a Schedule C business. I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.
You want to aim for the sweet spot where the property generates positive net cash flow, but on paper looks like a loss, mostly because of the depreciation writeoff. When you’re in this zone you’re making more money but paying less tax.
I’d be surprised if you can get 5% fixed for an investment property.
Hatfield
Participant[quote=bearishgurl]”Sched. C” [/quote]
It’s actually Schedule E, but yes, most of the associated costs are deductible similar to how they would be for a Schedule C business. I don’t know how this works for a condo, but with a SFR you can depreciate the structure (not the land itself but the “improvements” to the property) over 27.5 years.
You want to aim for the sweet spot where the property generates positive net cash flow, but on paper looks like a loss, mostly because of the depreciation writeoff. When you’re in this zone you’re making more money but paying less tax.
I’d be surprised if you can get 5% fixed for an investment property.
Hatfield
ParticipantI love this forum.
Hatfield
ParticipantI love this forum.
Hatfield
ParticipantI love this forum.
Hatfield
ParticipantI love this forum.
Hatfield
ParticipantI love this forum.
Hatfield
ParticipantI believe the new version of AutoCAD can do 3D images, but SolidWorks seems to be more popular for this. I recently had a custom plastic knob designed, and the engineer who drew that for me used SolidWorks, which can generate .IGS and .STL files when can then be viewed with a free 3D viewer app.
Using the .STL file I was then able to have PolyJet samples of the knob made using a stereo lithography process. This only cost a couple hundred bucks and was a useful prototyping step.
Hatfield
ParticipantI believe the new version of AutoCAD can do 3D images, but SolidWorks seems to be more popular for this. I recently had a custom plastic knob designed, and the engineer who drew that for me used SolidWorks, which can generate .IGS and .STL files when can then be viewed with a free 3D viewer app.
Using the .STL file I was then able to have PolyJet samples of the knob made using a stereo lithography process. This only cost a couple hundred bucks and was a useful prototyping step.
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