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Home Improvement 101
Most homeowners see their property as an investment. Like other
investments, the common wisdom is that putting more money in will
improve its overall value.
But, what home improvements are worth the money?
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What to Look for When Closing on a Rental Property
After all the searching, negotiation, appraisals and dozens of other
tasks involved in purchasing a rental property, it's time for the big
moment. It's time to close on your purchase.
Socrates has a few points you should be aware of prior to
closing. A little knowledge can be a safe thing when it comes to real
estate transactions.
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Landlording and Incorporation
As a part-time landlord, should you incorporate? Absolutely.
Incorporating protects your own home if you are sued by a tenant and
also gives you immediate opportunities to reduce your taxes!
For a one-time cost of typically less than $250, which includes
Socrates Incorporation Kit
and covers filing fees to your Secretary of State, incorporation is
the best means to protect yourself and your assets. If sued, your
liabilities are limited to the assets of the corporation and you
protect your personal wealth, including your home, automobiles and
personal assets. At tax time, incorporation can offer significant
savings on your personal taxes. Limited liability company and "S"
corporation structures allow losses to be passed on to the individual
landlord, possibly reducing personal tax liability.
Incorporation can help protect you, your family and your assets.
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Socrates Legal Forms and Software Are Also Available at America's
Leading Retailers
Socrates do-it-yourself business, personal, real estate and
contractor solutions can be found at Office Depot(R), Office Max(R),
Staples(R), Wal-Mart(R) and thousands of other stores.
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