We are going to net more income this year because we have been paying down all of our business and personal loans.
Problem: Our income taxes have tripled. I hate paying income taxes and especially the amount we will pay next April 15th.
Solution: Do nothing and bite the bullet. Or do as Rick is doing and buy another MHP that would have enough depreciation to offset the cash flow on our existing park. i really don’t want to have another MHP to think about and manage.
I really need some input here.
What do you guys think?