All too often the focus is on the glitz and glamor instead of the nuts and bolts of what it takes to reach financial success.
Before you have the penthouse vision you must start with building the foundation first.
Ever wondered what it took to really jump-start those financial goals? Well your in luck. Tune into the Austin Smith Real Estate Podcast featuring Barshay Graves for tons of game.
For the last four months, I have been looking for commercial lenders to perform a cash-out refinance on my single family investment property. Throughout the process I have consulted with several lenders at smaller banking institutions. To this point, I have had less than stellar luck, getting denied for this or that. Finally, an investor buddy of mine gave me contact info to a prominent credit union in Philadelphia. After speaking to the business relations manager I knew I was dealing with a company that wanted to do business with me. He immediately sent me an application and the ball was rolling from there. I was approved for the cash out refinance at 70% loan-to-value of my property and should closing in the coming weeks.
How often do you think to yourself about something you know you should be doing to make your life better, but you just fail to carry through with the action? This is how many people treat their emergency fund for whatever reason and I just can’t seem to understand it. I recently had a personal experience where my emergency fund saved me from further trouble. It happened on a typical weekend out. I went from enjoying myself, to being quite disappointed in a matter of minutes.
If you have been delaying the preparation of your 2017 tax return, you are running out of time. We are officially down to one week in the 2017 tax season. Tuesday April 17th, 2018 will be the last day taxes can be submitted with a balance due without penalty. The most convenient way to file your taxes is electronically or e-filing. This helps to ensure accuracy while also being the quickest method of transmission to the IRS.
The 2018 deadline to file your 2017 tax return is April 17th. It is also the deadline to file your 2014 taxes if you have failed to do so up to this point. It may sound ridiculous that a person has not claimed their money from our federal government. You may have never given it any though but the government gets paid off your efforts before you even touch your paycheck. However, there are many people that are either ignorant, scared to file or just plain neglect to file altogether. I actually met a gentlemen who walked into my tax office last month and said he has failed to file taxes in the last eight years. My jaw immediately dropped to the floor. I could not fathom how this was possible myself but not filing taxes may be more common than you think.