
It was good to have someone look over the forms before submitting, while avoiding the $1,000+ fees from a lawyer. The decision between staying a sole proprietor/partnership or forming an LLC/corporation is not always simple. If youd like to dig into the details on your own, I recommend the book LLC or Corporation? How to Choose the Right Form for Your Business from Nolo Press. I chose to go the S-Corp route primarily for the income tax savings. You can even have a LLC and chose to have it taxed as an S-Corp, as if things werent confusing free government credit report Baton Rouge enough! Find more in Deals & Offers, Entrepreneurial | 9/20 | 4 Comments The NYT Economix blog points out that rents are rising again according to inflation data from the Bureau of Labor Statistics. The chart included doesnt have zero on the y-scale, but a value of 100 corresponds to rent from 1982-1984. credit report 3 Rents nationwide are about 40% above their values in 2000. I recently saw the last house I used to rent on Craiglist and the rent was up 15% from 4 years ago.
There is definitely an increase in the number of renters, and perhaps free government credit report Baton Rouge there is also an overall psychological shift in that less people think homeownership is a part of the American Dream. Perhaps this means its a better time to be landlord? Home prices are still free government credit report Baton Rouge hanging around 2003 levels: Although I know many successful people who are landlords, I dont now if Im cut out for it. absolutely free credit report no trial However, I do like buying real estate investment free government credit report Baton Rouge trust (REITs), which allows me to collect rent like I collect stock dividends.
Heres a post all about REITs.) I even did a comparison post of rental property vs. I continue to get my real estate exposure through the low-cost, passively-managed Vanguard REIT Index Fund, available both as a mutual fund and ETF. It tracks the MSCI US REIT Index and includes all kinds of real estate, currently holding 20% in residential ETFs that own things like apartment complexes. It like the diversification of free government credit report Baton Rouge this fund, even though it can be a rough ride, and in a free government credit report Baton Rouge struggling economy things like commercial properties will be harder to rent out. Heres the growth of $10,000 chart of both the Vanguard REIT Index Fund and the SP 500 free government credit report Baton Rouge index, from mid-1996 to today. free credit report new york This type of chart accounts for total return, including dividends. The REIT fund has done better than the SP 500, which some may find surprising (or not) given the housing bust. As you can also see, they dont always move together, which is good.
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