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22 January 2025 | 0 replies
Bathrooms are one of the most important areas of the home, so it is extremely important to get them right and make them stand out!
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1 February 2025 | 0 replies
Including the Statement of Cash Flows.
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29 January 2025 | 12 replies
We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.
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29 January 2025 | 3 replies
Some of those included those previously mentioned windows.
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31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
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29 January 2025 | 3 replies
There's a standard syndication that goes out to sites like Zillow, Redfin etc that is included when it is listed in the MLS; hence why people can find properties from across the country.
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31 January 2025 | 29 replies
Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.
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26 January 2025 | 15 replies
We built two homes side by side on infill lots with a lot value of $20k each and hard construction costs of $196k (builder’s fee not included).
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20 February 2025 | 11 replies
.- Types of Floods: Includes heavy rainfall, storm surges, and river overflow.- Elevation and Distance from Water: Higher and farther properties generally face lower risk.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed.
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27 January 2025 | 6 replies
One of the greatest, most important lessons has been, staying in my lane!