Ilyce discusses inflated CEOs' paychecks, the recent trials against corporate executives, and what shareholders are getting from these overpaid execs. She asks shareholders, "Why are we paying them so much money?" Other topics and calls for this episode include identity theft and buying property.
When you're selling your home you'll want the outside to look as good as the inside. Outside of the home you'll want to enhance curb appeal by improving landscaping. How can you enhance your home's curb appeal? Learn tips on how to put your home's best foot forward so you can sell your home.
If you've sold your home, there are several options for minimizing the tax burden on the sale of the property. The cost of making improvements in your home will be taken out of the profit, which will leave less room for taxable gain. Living in the property for two of the last five years will also let you keep your profits tax free.
Military families move frequently, so is it wise to invest in buying a home you won't live in for very long? If you know you'll be relocating often, buying a fixer-upper might be a good solution, and could be a valuable investment.
When you close on a mortgage refinancing you have to pay closing costs again. Among those closing costs may be a fee for a title company. What happens if your mortgage broker forgets to tell you about the title company fee until after the closing? Is it your responsibility to pay the title company fee after closing? No, it's not the responsibility of the mortgage borrower to pay for the mortgage broker's omission.
Foreclosure properties are becoming harder to find as more people qualify for lower interest rates and lenders are working under a mandate from Fannie Mae and Freddie Mac to help customers stay out of foreclosure. Right now, it seems like only the investors who flip foreclosure properties professionally are making a profit. However, if you want to try flipping houses, good research is the key to your success.
A renter has been subletting an apartment and paying the original tenant the monthly rent. Now it turns out that the sublease is illegal and the original tenant may not have not been paying on the lease. The subleaser may be obligated to pay back rent to the apartment owner. In general, if you're going to sublease an apartment, you have to make sure the owner has knowledge of your existence, has consented to the sublease in writing and that the parties understand who will be paying what and when.
When you win a contest, it's like winning the lottery. You get the goods but you have to pay tax on your winnings as personal income rather than capital gains. The difference can be pretty dramatic in terms of taxes owed. Many people choose to take a cash payment instead of the prize, because they will have the cash to pay any applicable taxes.
This special 2-hour long Fathers' Day edition highlights the great advice our fathers have given us, including Ilyce's father's advice "Do what you love and the money will follow." Also included in today's show are the following topics: student loans, social security, the Dennis Kozlowski trial verdict, and "What IS rich?"
Upgrading your landscaping and fixing the exterior of your home can really boost the value of your property. Most people will decide by looking at a photo on the internet whether or not they want to see the inside of your house. Summer is a great time to work on your house's curb appeal.
