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RE: Rich Dad, Poor Dad Book Club, Chapter 4
I'm grateful for @vdux's reply post and need to take it to heart. I just did my taxes. I have a rental home that I rent for $0.13 less than my mortgage payment (long story, but my mortgage went up $200 right after I rented it because Wells Fargo had forgotten to charge me for the insurance payment for a year) and, even after deducting water bills that I pay, a gardener that I pay, and repairs and maintenance, I still got taxed on $4800 of profit(?). Next year I get smarter or get an accountant and ditch Turbo-Tax.
That doesn’t make any sense at all, does it. @vdux seems to have a lot of this stuff figured out pretty well. He said he had a good mentor to show him the ropes. Hopefully, he keep contributing good insights and tips for us.