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I adjusted our household net worth down $14.8k this month. The decision to do so was based on the realization that it is impractical to carry my investment properties without a built in adjustment for the capital gains tax we'll have to pay on each of them whenever we sell them. Yes, we could do a 1031 exchange and forgo the taxes; however, that assumes that at the time of sale real estate is the best investment decision and a great buy is sitting there ready for purchase.
Saturday, May 01, 2010
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1 comment:
Amazing read. Interesting take on finances. This is a very important aspect of peoples' lives nowadays.
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