Renting vs. buying a home is a common problem most first-time homebuyers face when deciding on their living situation. Many people find themselves asking the question “should I rent an apartment or buy a house?” On the one hand, renting is ideal for young professionals and is typically a more affordable option. But on the…
It’s no secret that owning a home is expensive. Heck, that’s why we created Kabinet. The benefits of homeownership far outweigh the minuses but we always want to give you the full picture so you can be an Above Average Homeowner. When I say “Owning a Home” of course I mean any type of home,…
As the Kabinet CPA I can tell you that paper records have gone by the way of the dinosaur and Kabinet is a major part of this more efficient new world. When I started out as a CPA the world was entirely paper so I know the drudgery first hand. Back then there was no…
Buying the right home goes far beyond the home itself. We were very lucky to buy a home we liked and stumbled upon a wonderful neighborhood as well. Looking at my own experience I have created a list of the five biggest benefits of my neighborhood and why I’ve liked it so much after all…
There is no place better than the United States of America when it comes to creative finance and a reverse mortgage is one of those creations. Unlike a refinance of an existing mortgage or home equity line of credit (HELOC), the reverse mortgage borrower does not make any loan repayments until their death. At this…
In the interest of fairness, I must let you know that I no longer live in a Homeowners Association (HOA) community. An HOA is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who purchase property within an HOA’s jurisdiction automatically become members…
If you’ve ever gone furniture shopping you know about Deferred Interest Credit Cards. Every store gives them a fancy name or passes them off as a normal credit card but they are VERY different. A Deferred Interest Credit Card is best explained through a furniture purchase example. Let’s say you buy a sofa for $1,000…
Over the last two years home prices have increased like never before. Since the Federal Reserve’s change in monetary policy interest rates have followed suit which is causing havoc for first time homebuyers. This ever changing real estate landscape is making the tax deductibility of home mortgage interest on your tax return more important than…
It appears as though the United States economy is in recession, it is not the first time and it will not be the last. To compound this, inflation across all sectors is rising by the day which is making affordability for first time home buyers more and more challenging. I am Terry, the Kabinet CPA…
The home repair remodeling industry is fraught with pitfalls and minefields. The following are the five most important aspects to be aware of if you want to save yourself time, money and pulling your hair out. 1. The industry is truly “the wild west”. Many contractors have no education, background or experience in the job…
End of content
End of content
