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Why you should keep records of your financial documents if you rent property

Why you should keep records of your financial documents if you rent property

Investing in real estate can make you money, but becoming a landlord who owns multiple property can make you a lot money. As a landlord, you are also a business owner whether you own a few property or multiple property worth millions. One of the great benefits of being a landlord is the tax deduction you can take advantage of. To take advantage of these tax deduction, you have to keep accurate records of important documents relating to expenses and income throughout the year.

Top two reasons…

What documents should I keep after closing on a house and for how long?

What documents should I keep after closing on a house and for how long?

When buying a home, first time home buyers may be overwhelmed with the lengthy papers to sign. This paper trail follows you until closing. The paperwork signed up to this point can be intimidating. Many of the documents you sign are mostly for the lender’s benefit, so in the future the lender or seller may avoid a potential lawsuit. You might be wondering why should I even bother to keep any of this paperwork after closing. However, you should keep all copies of the…

Top Secret Agent?

Top Secret Agent?

There are so many movies with secret agents doing spy things, fighting bad guys, and saving the world. But we’re not talking about top secret agents. We are talking about certified field agents. These agents don’t work for the government. These agents are part of is an online website dedicated to the certification, coordination, and connection of certified field agents with clients who need onsite representation to securely exchange data.

Certified Field Agents

Certified Field Agents represent our organization and all of the agents have met quality and professional standards. Certified Field Agents perform the task of data retrieval in their assigned regions of the United…

Importance of Mortgage Documents

What are mortgage agreements?

Importance of Mortgage Documents

Mortgage agreements are usually loan agreements with terms of the contract between a lender and a borrower. When an agreement is signed, this gives the borrower access to the money. The agreement also grants the lender the right to take possession of the mortgaged property if the borrower does not pay the loan’s installments. There are different types of mortgage loans that include federal housing administration loans, veteran affairs loans, and reverse mortgages. Typically, the federal housing administration and veteran affairs loans offer eligible borrowers preferential rates and terms. Reverse mortgage are special mortgage loans that allow seniors to borrow money…

Will vs. Trust

Will vs. Trust

The terms “will” and “trust” can be confusing and misunderstood. It is important to distinguish the difference and understand what both these concepts really are.

What is a will?

A will is a legal document that help coordinates the distribution of your assets after death and can appoint guardians for minor children. A will is important because it allows you to communicate your wishes clearly at your death. Without a will, the state of residence will distribute your assets to your beneficiaries according to its laws. Having the state distribute your assets may not result in how you would distribute your assets to your beneficiaries. Having a will…