When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home,

so I like to find remote cabins in the middle of nowhere to just hang out and write.

But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks.

And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles.

Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started,

don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it.

And your home might be worth a lot more than you think.

Find out how much at Airbnb.com.

host.

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

If you're selling a house,

if you're selling a house, you have an opportunity to have an amazing payday, except those gains could be erased by taxes.

But I have good news. There are perfectly legal loopholes to avoid getting hit with a big tax bill.

Which loophole you use depends on whether you're selling your house or an investment property

to help you cover all of your bases. I want to walk you through both but first let's talk

about personal homes. If you sell your home for more than you bought it for you'll

need to pay capital gains taxes. There are two types of capital gains taxes

short-term and long-term. Short-term capital gains taxes, short term and long term. Short term

capital gains apply when you sell an investment before a year is up. Today the

rate is the same as ordinary income tax. If you're already a high income

earner and if you're not you will be soon, that

...