[…]can easily double the cost of the original sale price after interest is factored in, meaning thousands of dollars that will go to the bank rather than your pocket. And it’s important to remember—a paid-off property cannot be foreclosed on if your financial situation changes unexpectedly. As financial expert Dave Ramsey says “100 percent of foreclosures happen to people with mortgages.” Myth #4: I can depreciate my rental property and take a tax deduction You can deduct the “depreciation” of your house every year on your taxes. However, when you sell it you will also have to pay some of […]
[…]USAF, retired), was commissioned from the Air Force Academy in 1976. He was an F-16 Squadron Commander and served in various staff assignments in NATO, the Pentagon and Air Combat Command. He retired in 2001. He and his wife, Johanna, have four daughters: Sarah, Katie, Rebecca, Emily. They have been actively involved in OCF and other military ministries since entering the […]
[…]second lieutenants assuming their roles as platoon leaders should listen to their platoon sergeant and first sergeant. They should not “reject the advice” of those who have served for many years and have much to offer. See What Right Looks Like Also important is the ability to see what right looks like. I’m reminded of John 10:32 as Jesus says to the Jews, “…I have shown you many great miracles from the Father…” Jesus Christ showed the entire world what right looks like. Through his daily walk with God, the example He set constantly, He showed exactly how we should […]