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trying2balance
ParticipantWell as part of the royal screw up that was this condo, it turns out we have never been able to claim a tax benefit bc we make too much money (two accountants have explained this to us — we can claim the tax benefit loss/depreciation if we sell it…)
My husband says we may owe income tax if we sell the condo, even at a $40k loss – true?
As for your bet on my personality type, you are spot on, scary almost. I have knack for closing million $ sales for my company, MAJOR Type A but also recognize that not focusing on rasinig the kids / keeping a home does affect the family and that is why I keep pulling back more and more from work, cutting my hours, turning down promotions, stock, comissions. In this case a VERY much care more about have a tranquil, simple lifestyle for kids vs more money.
But yes, you’re right I probably would still do some consulting, “special projects” or something. And someone said we’re just lazy to deal with the rental. Honestly, you’re right too, there is a $ value we put to not going to bed every night stressed about something that is draining our time and savings accts.
I already only sleep about 5 hrs nite which is only way to keep up with work/client demands and still be hands on raising the little ones w/out daycare. My husband also works really hard — we’re not lazy in careers, kids, household, family, community but we are SO DONE with all of the real estate drama. Just want to pay our monthly rent or mortgage, settle down, raise the brood and then jump back into it all maybe in the next decade. I’m sure we’ll time that completely wrong too…
Our philosophy when buying the first house and then this condo was that we would never sell either and pay off properties to build an income stream. Then we actually had the kids and realized that being a good parent is a full-time job plus more and we changed course and decided to work towards just being able to survive / enjoy life on the one income.
ParticipantWell as part of the royal screw up that was this condo, it turns out we have never been able to claim a tax benefit bc we make too much money (two accountants have explained this to us — we can claim the tax benefit loss/depreciation if we sell it…)
My husband says we may owe income tax if we sell the condo, even at a $40k loss – true?
As for your bet on my personality type, you are spot on, scary almost. I have knack for closing million $ sales for my company, MAJOR Type A but also recognize that not focusing on rasinig the kids / keeping a home does affect the family and that is why I keep pulling back more and more from work, cutting my hours, turning down promotions, stock, comissions. In this case a VERY much care more about have a tranquil, simple lifestyle for kids vs more money.
But yes, you’re right I probably would still do some consulting, “special projects” or something. And someone said we’re just lazy to deal with the rental. Honestly, you’re right too, there is a $ value we put to not going to bed every night stressed about something that is draining our time and savings accts.
I already only sleep about 5 hrs nite which is only way to keep up with work/client demands and still be hands on raising the little ones w/out daycare. My husband also works really hard — we’re not lazy in careers, kids, household, family, community but we are SO DONE with all of the real estate drama. Just want to pay our monthly rent or mortgage, settle down, raise the brood and then jump back into it all maybe in the next decade. I’m sure we’ll time that completely wrong too…
Our philosophy when buying the first house and then this condo was that we would never sell either and pay off properties to build an income stream. Then we actually had the kids and realized that being a good parent is a full-time job plus more and we changed course and decided to work towards just being able to survive / enjoy life on the one income.
ParticipantWell as part of the royal screw up that was this condo, it turns out we have never been able to claim a tax benefit bc we make too much money (two accountants have explained this to us — we can claim the tax benefit loss/depreciation if we sell it…)
My husband says we may owe income tax if we sell the condo, even at a $40k loss – true?
As for your bet on my personality type, you are spot on, scary almost. I have knack for closing million $ sales for my company, MAJOR Type A but also recognize that not focusing on rasinig the kids / keeping a home does affect the family and that is why I keep pulling back more and more from work, cutting my hours, turning down promotions, stock, comissions. In this case a VERY much care more about have a tranquil, simple lifestyle for kids vs more money.
But yes, you’re right I probably would still do some consulting, “special projects” or something. And someone said we’re just lazy to deal with the rental. Honestly, you’re right too, there is a $ value we put to not going to bed every night stressed about something that is draining our time and savings accts.
I already only sleep about 5 hrs nite which is only way to keep up with work/client demands and still be hands on raising the little ones w/out daycare. My husband also works really hard — we’re not lazy in careers, kids, household, family, community but we are SO DONE with all of the real estate drama. Just want to pay our monthly rent or mortgage, settle down, raise the brood and then jump back into it all maybe in the next decade. I’m sure we’ll time that completely wrong too…
Our philosophy when buying the first house and then this condo was that we would never sell either and pay off properties to build an income stream. Then we actually had the kids and realized that being a good parent is a full-time job plus more and we changed course and decided to work towards just being able to survive / enjoy life on the one income.
ParticipantWell as part of the royal screw up that was this condo, it turns out we have never been able to claim a tax benefit bc we make too much money (two accountants have explained this to us — we can claim the tax benefit loss/depreciation if we sell it…)
My husband says we may owe income tax if we sell the condo, even at a $40k loss – true?
As for your bet on my personality type, you are spot on, scary almost. I have knack for closing million $ sales for my company, MAJOR Type A but also recognize that not focusing on rasinig the kids / keeping a home does affect the family and that is why I keep pulling back more and more from work, cutting my hours, turning down promotions, stock, comissions. In this case a VERY much care more about have a tranquil, simple lifestyle for kids vs more money.
But yes, you’re right I probably would still do some consulting, “special projects” or something. And someone said we’re just lazy to deal with the rental. Honestly, you’re right too, there is a $ value we put to not going to bed every night stressed about something that is draining our time and savings accts.
I already only sleep about 5 hrs nite which is only way to keep up with work/client demands and still be hands on raising the little ones w/out daycare. My husband also works really hard — we’re not lazy in careers, kids, household, family, community but we are SO DONE with all of the real estate drama. Just want to pay our monthly rent or mortgage, settle down, raise the brood and then jump back into it all maybe in the next decade. I’m sure we’ll time that completely wrong too…
Our philosophy when buying the first house and then this condo was that we would never sell either and pay off properties to build an income stream. Then we actually had the kids and realized that being a good parent is a full-time job plus more and we changed course and decided to work towards just being able to survive / enjoy life on the one income.
Participantparamount, I am motivated very much by money… not bc I like to buy ipods or cars or jewelry or anything like that but bc I see it as giving us the piece of mind to be able to sleep at night knowing we can survive a tragedy and also bc I know how hard it is to make $1 given the long hours I work at night while my kids are asleep to bring in money (I work in marketing for a tech company – helping to close sales which gets harder and harder every day).
I felt like an idiot last week posting flyers all over the ASU condo in 110 heat after we took the 7 hr drive out here, so I don’t know how much harder we can try and it seems ridiculous to lower the rent to a point where we are just postponing the inevitable… yes $1000 is mortgage, hoa, utilities, insurance, taxes
I don’t know what MonaVie is…?? And I don’t judge other people by their FICO scores, I judge them by what they give to others in terms of their time, friendship and care. And how they make you laugh too – of course – to forget the type of dilemma that hubby and I face now. thanks 🙂
Participantparamount, I am motivated very much by money… not bc I like to buy ipods or cars or jewelry or anything like that but bc I see it as giving us the piece of mind to be able to sleep at night knowing we can survive a tragedy and also bc I know how hard it is to make $1 given the long hours I work at night while my kids are asleep to bring in money (I work in marketing for a tech company – helping to close sales which gets harder and harder every day).
I felt like an idiot last week posting flyers all over the ASU condo in 110 heat after we took the 7 hr drive out here, so I don’t know how much harder we can try and it seems ridiculous to lower the rent to a point where we are just postponing the inevitable… yes $1000 is mortgage, hoa, utilities, insurance, taxes
I don’t know what MonaVie is…?? And I don’t judge other people by their FICO scores, I judge them by what they give to others in terms of their time, friendship and care. And how they make you laugh too – of course – to forget the type of dilemma that hubby and I face now. thanks 🙂
Participantparamount, I am motivated very much by money… not bc I like to buy ipods or cars or jewelry or anything like that but bc I see it as giving us the piece of mind to be able to sleep at night knowing we can survive a tragedy and also bc I know how hard it is to make $1 given the long hours I work at night while my kids are asleep to bring in money (I work in marketing for a tech company – helping to close sales which gets harder and harder every day).
I felt like an idiot last week posting flyers all over the ASU condo in 110 heat after we took the 7 hr drive out here, so I don’t know how much harder we can try and it seems ridiculous to lower the rent to a point where we are just postponing the inevitable… yes $1000 is mortgage, hoa, utilities, insurance, taxes
I don’t know what MonaVie is…?? And I don’t judge other people by their FICO scores, I judge them by what they give to others in terms of their time, friendship and care. And how they make you laugh too – of course – to forget the type of dilemma that hubby and I face now. thanks 🙂
Participantparamount, I am motivated very much by money… not bc I like to buy ipods or cars or jewelry or anything like that but bc I see it as giving us the piece of mind to be able to sleep at night knowing we can survive a tragedy and also bc I know how hard it is to make $1 given the long hours I work at night while my kids are asleep to bring in money (I work in marketing for a tech company – helping to close sales which gets harder and harder every day).
I felt like an idiot last week posting flyers all over the ASU condo in 110 heat after we took the 7 hr drive out here, so I don’t know how much harder we can try and it seems ridiculous to lower the rent to a point where we are just postponing the inevitable… yes $1000 is mortgage, hoa, utilities, insurance, taxes
I don’t know what MonaVie is…?? And I don’t judge other people by their FICO scores, I judge them by what they give to others in terms of their time, friendship and care. And how they make you laugh too – of course – to forget the type of dilemma that hubby and I face now. thanks 🙂
Participantparamount, I am motivated very much by money… not bc I like to buy ipods or cars or jewelry or anything like that but bc I see it as giving us the piece of mind to be able to sleep at night knowing we can survive a tragedy and also bc I know how hard it is to make $1 given the long hours I work at night while my kids are asleep to bring in money (I work in marketing for a tech company – helping to close sales which gets harder and harder every day).
I felt like an idiot last week posting flyers all over the ASU condo in 110 heat after we took the 7 hr drive out here, so I don’t know how much harder we can try and it seems ridiculous to lower the rent to a point where we are just postponing the inevitable… yes $1000 is mortgage, hoa, utilities, insurance, taxes
I don’t know what MonaVie is…?? And I don’t judge other people by their FICO scores, I judge them by what they give to others in terms of their time, friendship and care. And how they make you laugh too – of course – to forget the type of dilemma that hubby and I face now. thanks 🙂
Participantone question I forgot to answer – we have the tempe condo managed by a prop mgmt firm that has done a good job for us over the past 3 yrs (the first firm was a nightmare we survived, had to do an eviction, legal fees, headache after headache…) This new firm has the place advertised everywhere and said they have never seen this – started the school year with 20+ of the properties getting absolutely no traction. He said the ones that did rent had lowered their rates from as much as $1500 to $700 right away.
Also, maybe its fate but our rental lease is actually up in September, maybe they’ll raise the rent on us who knows but it does seem like the right time to just buy and settle down somewhere. Or maybe we just take the $40,000 hit and not tie that decision into the purchase of our next home… but that makes me fee like the idiot “responsible taxpayer” that never comes out ahead.
Participantone question I forgot to answer – we have the tempe condo managed by a prop mgmt firm that has done a good job for us over the past 3 yrs (the first firm was a nightmare we survived, had to do an eviction, legal fees, headache after headache…) This new firm has the place advertised everywhere and said they have never seen this – started the school year with 20+ of the properties getting absolutely no traction. He said the ones that did rent had lowered their rates from as much as $1500 to $700 right away.
Also, maybe its fate but our rental lease is actually up in September, maybe they’ll raise the rent on us who knows but it does seem like the right time to just buy and settle down somewhere. Or maybe we just take the $40,000 hit and not tie that decision into the purchase of our next home… but that makes me fee like the idiot “responsible taxpayer” that never comes out ahead.
Participantone question I forgot to answer – we have the tempe condo managed by a prop mgmt firm that has done a good job for us over the past 3 yrs (the first firm was a nightmare we survived, had to do an eviction, legal fees, headache after headache…) This new firm has the place advertised everywhere and said they have never seen this – started the school year with 20+ of the properties getting absolutely no traction. He said the ones that did rent had lowered their rates from as much as $1500 to $700 right away.
Also, maybe its fate but our rental lease is actually up in September, maybe they’ll raise the rent on us who knows but it does seem like the right time to just buy and settle down somewhere. Or maybe we just take the $40,000 hit and not tie that decision into the purchase of our next home… but that makes me fee like the idiot “responsible taxpayer” that never comes out ahead.
Participantone question I forgot to answer – we have the tempe condo managed by a prop mgmt firm that has done a good job for us over the past 3 yrs (the first firm was a nightmare we survived, had to do an eviction, legal fees, headache after headache…) This new firm has the place advertised everywhere and said they have never seen this – started the school year with 20+ of the properties getting absolutely no traction. He said the ones that did rent had lowered their rates from as much as $1500 to $700 right away.
Also, maybe its fate but our rental lease is actually up in September, maybe they’ll raise the rent on us who knows but it does seem like the right time to just buy and settle down somewhere. Or maybe we just take the $40,000 hit and not tie that decision into the purchase of our next home… but that makes me fee like the idiot “responsible taxpayer” that never comes out ahead.
Participantone question I forgot to answer – we have the tempe condo managed by a prop mgmt firm that has done a good job for us over the past 3 yrs (the first firm was a nightmare we survived, had to do an eviction, legal fees, headache after headache…) This new firm has the place advertised everywhere and said they have never seen this – started the school year with 20+ of the properties getting absolutely no traction. He said the ones that did rent had lowered their rates from as much as $1500 to $700 right away.
Also, maybe its fate but our rental lease is actually up in September, maybe they’ll raise the rent on us who knows but it does seem like the right time to just buy and settle down somewhere. Or maybe we just take the $40,000 hit and not tie that decision into the purchase of our next home… but that makes me fee like the idiot “responsible taxpayer” that never comes out ahead.
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