Thread: More Homeowners Taking in Boarders

Sad commentary..Americans being forced to live like second class citizens...thanks to 35M illegal aliens who are destroying our way of life!

More Homeowners Taking in Boarders
By JOHN LELAND
Published: July 16, 2008

BALTIMORE — When Barbara Terry fell behind on her mortgage payments earlier this year, she did the previously unthinkable. Through a local housing organization, she and her daughter, Imani, 9, rented part of their single-family house to a stranger.

With residential mortgage foreclosures still on the rise, more homeowners nationwide are considering Miss Terry’s choice: whether to take in a boarder to keep their homes. Modest but growing numbers are turning to agencies nationwide like the St. Ambrose Housing Aid Center Homesharing Program in Baltimore, which screen boarders to find appropriate matches and relieve some of the fear of strangers.

“We’re seeing greater numbers of marginal people,â€

From an accounting point of view these people are learning to use the tax system; via a schedule E if they will study and learn about rental income.

Rental expenses (interest on mortgage of home) and depreciation might be a great means to use to reduce income on the front of a 1040 tax form. (Schedule E on the front of a 1040 can be negative.) Study, study.

And they might want to consider starting a renting cooperation of some kind.

The rich tax structuring so their parents rent from the children; when the parent are in old age. This way inheritance is done; and tax benefits are recognized as rental income as mentioned above.

Think about starting a business, too - Americans!

Business is the best way to realize the American Dreams........