Sheriff Joe
DA
I must of missed that staged video of the latest Supreme."I still like beer." -- Pre-Justice Kavanaugh
I must of missed that staged video of the latest Supreme."I still like beer." -- Pre-Justice Kavanaugh
I must of missed that staged video of the latest Supreme.
You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.Just because you read it in an airport be-a-rich-daddy book does not make it the correct use of language.
Your 1st, 2nd, 3rd or 100th "domicile" - if you bought it as opposed to renting it from someone else - is YOUR asset, regardless of "net income." You could have net income of 0 or -450,000 a month, and if a form asks you to list your assets, you will list your "domicile" if you care about filling out the form correctly.
Net income has nothing to do with assets. Fixed assets, in general, produce no net income until they are sold - at which point - ironically, they are no longer your asset but now have produced net income... Oh. My. God!
So don't be like Bruddah. Don't pretend to be an economicalish jeanius by using actually financial and accounting words the way some guy who is becoming a rich-dad on your nickel uses them. Use them the correct way. That way you won't have to revise your federal forms 100 times like Crooked Jared.
I helped a business partner fill out her FAFSA today. Tip: From what we read, your principal "domicile" does not need to be listed as an asset to be considered in your Fafsa, but any other "domiciles" you own, including vacation house and perhaps rentals, depending on how you hold them, have to be listed. If you hold rental property in an LLC or CA corp, and report it on a schedule E you can probably call it a "business" but if you only air BnB it a few times, use it yourself, pay upkeep out of commingled personal funds, you probably should list it as a personal asset.
Another friendly PSA from your friend Friesland
He owns a brewery. An asset if you prefer."I still like beer." -- Pre-Justice Kavanaugh
Is that what an “ex-Trump attorney” said? Huge news.
This is maybe the best one yet. “...your home loan is not a liability for the bank.” Very good, Izzy! It’s actually an asset for the bank! Did you know that owning debt is an asset? Having a debt obligation is a liability. Basic stuff.You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.
Fries U, what a deal. So basic that you missed it. You really shouldn’t wander away from Net Worth arguments.This is maybe the best one yet. “...your home loan is not a liability for the bank.” Very good, Izzy! It’s actually an asset for the bank! Did you know that owning debt is an asset? Having a debt obligation is a liability. Basic stuff.
You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.
You are corresponding with a person who has no integrity whatsoever, he will just lie, change his story, claim you are wrong and then claim victory. It's what they do, dizzy, lil' ho, bear, multi, no-brains even the ex-plumber had taken it up, it's just who they are, trolls.Didn't you recently post that Mexican is not a race?
You are corresponding with a person who has no integrity whatsoever, he will just lie, change his story, claim you are wrong and then claim victory. It's what they do, dizzy, lil' ho, bear, multi, no-brains even the ex-plumber had taken it up, it's just who they are, trolls.