Big Money Questions: Buying & Renting In The Current Housing Market

Financial expert Paul Hood of Hood CPAs joined News on 6 to answer your questions about ways to navigate finances.

This week, he answers these viewer questions:

Someone bought a rental house and did a full remodel of the house with $40,000-$50,000. Can or should the remodel be depreciated out, so that we can carry more than a $35,000 loss each year?

With current rates being low for home loans, is it better to buy a house overpriced or wait for the market to go back down and rates to go back up?

Should we acquire a Texas tax exempt license to re-sell a whole-sale internet service?      

If you have a question, email it to MoneyMonday@griffin.news.